Russian Central Bank

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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Russian banks divided into basic and universal

Russian President Vladimir Putin signed a law on the division of banks according to the list of permitted operations, depending on their license. The document was posted yesterday on the official web portal of legal information. …

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Russia reduces key rate to 9.25%

The Russian Central Bank reduced the key rate by 0.5 percentage points to 9.25% per annum, the regulator said following the results of the Board of Directors meeting. "On 28 April 2017, the Bank of Russia Board of Directors decided …

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Russian Central Bank close to its goal

Inflation in Russia has dropped to 4.1% in annual terms, Chairman of the Central Bank Elvira Nabiullina said. "In March, inflation has dropped to 4.3%. As of April 17, inflation has already dropped to 4.1% in …

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Russians do not want 'Mir'

More than two-thirds of Russians (70%) do not plan to open a "Mir" payment card, according to a poll conducted by the Russia Public Opinion Research Center (VCIOM). Only 20% of Russians plan to get the card, 3% already have …

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 Government predicts economic growth in Russia

Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …

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