Inflation in Russia

Russia's Central Bank on inflationary expectations

Russian households' expectations for inflation fell in May to 9.3% from 9.4% in April, the Russian Central Bank said. The inflationary expectations for the next 12 months fell to 9.3% in May as the influence of an increase of value …

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 Peak of inflation over in Russia

Russia's annual inflation was 5.3% in March, but it has started to decline in April due to a number of temporary factors restraining price hikes, the Russian Central Bank said in a report today. “Annual inflation has …

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Russian Central Bank gives inflation forecast

Inflation will remain near the 4% target in Russia during 2019, director of the Central Bank's department of monetary policy Alexey Zabotkin said. According to Zabotkin, inflation in Russia has slowed thanks to …

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Nabiullina: Russia has undergone the peak of inflation

The peak of inflation in Russia, apparently, has already been passed, the Chairman of the Central Bank of Russia, Elvira Nabiullina, said on the margins of the IMF-World Bank Spring Meeting in Washington. "But we cannot state this …

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Forecasts for ruble’s exchange rate worsened

Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …

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Russia not to cope with inflation in 2019

The Russian central bank still expects annual inflation to amount to 5.0–5.5% in 2019, the regulator's spokesperson said, meaning that the target of 4% will not be achieved this year. "The central bank still expects that …

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 Bank of Russia raises key rate to last year level

The Bank of Russia Board of Directors decided to raise the key rate by 0.25 pp to 7.75% per annum today. The regulator said in a press release that the decision taken is proactive in nature and is aimed at limiting inflation risks that …

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Russia to face decade of oil price at $50

Russia’s Economic Development minister Maksim Oreshkin said that the ministry expects the oil price to slip to $50 per barrel by 2025-2030 and stay at that level long-term. According to him, this trend is …

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 Russian financial system stabilizes

Russia's financial system is much more stable than 10 years ago, Russian Central Bank Governor Elvira Nabiullina told a banking congress in St Petersburg. At the same time she noted that some government measures may …

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