Russian Central Bank

Russia refuses dollar debts

The role of the dollar in Russia's external debt has reached 60%, declining to a minimum since 2014, according to the Russian Central Bank's data, published today. A stable decline in the share of the dollar has been observed …

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Central Banks of Russia and Iran agree to cooperate

The Bank of Russia and the Central Bank of Iran have signed a memorandum of understanding. The document was signed during the meeting of working group on financial and banking cooperation of the permanent Russian-Iranian commission for trade and …

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Russia's Central Bank expectedly keeps key rate

The board of directors of Russia’s Central Bank decided to keep the key rate at 9% per annum, the regulator said in a press release. The board of directors noted that inflation remains near the target level, and the recovery …

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Has Russian ruble 'matured'?

The declining role of foreign currency in Russia's economy is "a sign of a growing ruble', the Director of the Bank of Russia Monetary Policy Department, Igor Dmitriev, said. "Try to remember when you …

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Russian banks hit record profits

The Russian banking sector's profits in the first half of this year exceeded 750 billion rubles, which is a historic high for the Russian Federation, according to the Bank of Russia's information and analytical material for the …

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Russia to grow by 1.3-1.8%

Russia's Central Bank Governor Elvira Nabiullina said that economic growth of 1.3-1.8 percent is expected for this year. "The global economy is entering a new cycle of increasing cyber risks that endanger …

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Russian Central Bank may take pause in rate cuts

The Bank of Russia may take a pause in further key rate cuts, the Russian Central Bank governor Elvira Nabiullina said. "We are discussing such an option but from our point of view, we need to complete some …

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Russian Central Bank cuts key rate to 9%

The board of directors of Russia’s Central Bank has decided to cut its key interest rate to 9.00% per annum. "The Board notes that inflation is close to the target, inflation expectations keep declining, and economic activity …

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Will Russia develop national cryptocurrency?

The Russian Central Bank will develop a national cryptocurrency, the regulator’s Deputy Chairman Olga Skorobogatova said at the St. Petersburg International Economic Forum 2017. "Regulators of all countries …

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Russian Central Bank to increase its oil prices

Russia's Central Bank governor Elvira Nabiullina said that in mid-June the bank could revise higher its baseline scenario for oil in 2017 to trade at $40 a barrel. "I think that oil price dynamic …

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