Inflation in Russia

Russia#039s central bank head: we plan to cut key rate gradually, pauses possible

Russia's central bank head: we plan to cut key rate gradually, pauses possible

Russia's central bank would cut its key rate gradually, the banks' Governor Elvira Nabiullina said. The bank would cut rates gradually in the medium term and pauses between cuts are possible, Nabiullina …

Oreshkin: Russian government economic efforts to speed interest rate cuts

Oreshkin: Russian government economic efforts to speed interest rate cuts

The Russian government's work to create a predictable economic environment should help bring forward more interest rate cuts, the country's economy minister Maxim Oreshkin said. He was commenting after the …

Putin: Russia on brink of victory over inflation

Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues. "This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in …

Ruble grows amid growing oil

Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

Dmitry Piskulov: Economists are optimistic about 2017

Dmitry Piskulov: "Economists are optimistic about 2017"

Chairman of the Board of the National Currency Association sums up the outgoing year

Government policy in social sphere have not changed in 2016

Government policy in social sphere have not changed in 2016

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All the obligations laid down in the budget will be carried out - Valery Ryazansky

Putin: 2016 inflation to be lowest in 25 years in Russia

Putin: 2016 inflation to be lowest in 25 years in Russia

On the results of 2016, inflation in Russia will amount to 5.8%, which is the lowest level in a quarter century, the Russian President Vladimir Putin said at a cabinet meeting. "In some areas, namely in …

Nabiullina: rising oil prices not to cure our economy

Nabiullina: rising oil prices not to cure our economy

Rising oil prices will not solve the internal problems of the Russian economy, but may create the illusion of returning prosperity, Central Bank Chief Elvira Nabiullina believes. Russia’s Central Bank does …

Russian economy to start growing in 2017

Russian economy to start growing in 2017

The Russian economic situation improved in 2016 as compared with the last year, and the economy will expand about 1% in 2017, the Economic Development Minister Alexei Ulyukayev said at a meeting with Italian businessmen. …

Russia#039s inflation reaches record level

Russia's inflation reaches record level

Russia has the lowest inflation in 25 years, in the next year it is expected to be 4%, the Russian Prime Minister Dmitry Medvedev said at the 30th meeting of the Foreign Investment Advisory Council (FIAC). "We …

Nabiullina: inflation in Russia is still high

Nabiullina: inflation in Russia is still high

The Russian Central Bank will bring its key rate to 6-7% once inflation slows to 4%, the bank's Governor Elvira Nabiullina said at an economic forum. Nabiullina said the central bank will aim at keeping interest …

 Russia#039s tariffs to be increased due to inflation in 2017

Russia's tariffs to be increased due to inflation in 2017

The Russian Ministry of Economic Development in the updated forecast for 2017-2019 proposes to adjust gas tariffs for industry and population in 2017 at the level no higher than 3%, the Russian Economic Development Minister Alexey Ulyukayev …

Russian Central Bank: inflation expectations fell noticeably

Russian Central Bank: inflation expectations fell noticeably

Russian inflation expectations fell noticeably in August, helped by a more stable rouble and as people adapted to an increase in their housing …

Bank of Russia predicts decline in inflation

Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

Zero inflation recorded in Russia for the first time this year

Zero inflation recorded in Russia for the first time this year

Zero inflation was recorded in Russia for the first time during the year. Thus, the Federal State Statistics Service data showed that during the period from May 31st to June 6th, consumer prices for goods and services remained …

Central Bank: Russian banking system capable to finance economic growth

Central Bank: Russian banking system capable to finance economic growth

The Russian banking system is capable of financing economic growth, Chairperson of the Central Bank Elvira Nabiullina said on Monday, TASS reports. "We managed to preserve population …

Siluanov does not expect serious changes in ruble rate

Siluanov does not expect serious changes in ruble rate

Russian Finance Minister Anton Siluanov does not expect significant changes in ruble rate in the current situation. "I think that in the current conditions the balance that occurred won’t be changing …

 Nabiullina: inflation in Russia may stuck at not investment level

Nabiullina: inflation in Russia may stuck at not investment level

The chairperson of Russia’s Central Bank Elvira Nabiullina said that there are risks annual inflation may settle for a long time between 6-7%, which is not acceptable, Reuters reports. "For some this level of …

 Nabiullina says key rate to be reduced following steady decline in inflation

Nabiullina says key rate to be reduced following steady decline in inflation

The Central Bank of Russia will reduce its key interest rate in the event of a sustained reduction in inflation and associated risks, the chairperson of Russia’s Central Bank Elvira Nabiullina said during the Congress of ...

March inflation in Russia amounted to 0.5%

March inflation in Russia amounted to 0.5%

March inflation in Russia amounted to 0.5% during four weeks, Rosstat reports. Last year it was 1.2%. During the week from March 22-28th, prices rose by 0.1% in the country. For example, the price of buckwheat increased by …

 Nabiullina: February inflation data inspires cautious optimism

Nabiullina: February inflation data inspires cautious optimism

The Bank of Russia is perceiving the February data with "a cautious optimism" in respect of inflation expectations, the Chairwoman of the Central Bank of the Russian Federation, Elvira Nabiullina, said. …

Central Bank of Russia keeps key interest rate at 11%

Central Bank of Russia keeps key interest rate at 11%

The Board of Directors of the Russian Central Bank decided to keep its key rate at 11% on the results of its meeting today. The Bank decided not to change the key rate taking into consideration significant inflationary risks, which …

Russian Central Bank reduces key rate

Russian Central Bank reduces key rate

According to the results of today's meeting of its board of directors, the Bank of Russia decided to reduce the key rate by 1 percentage point, up to 11.5% per annum from 16 June, a press-release of …