Russian Central Bank

Russia's Central Bank freezes key rate

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25%. "The Bank of Russia has reviewed the inflation forecast upwards considering the planned increase of the value added tax in 2019. This …

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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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Central Bank promises Russians easy long money

Inflation dynamics enables the Russian Central Bank to cut further its key rate, the regulator’s First Deputy Chief Ksenia Yudaeva said. "Obviously, the current inflation dynamics allows a reduction," …

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Euro exchange rate starts to grow

The ruble fell against the dollar and the euro on the Moscow exchange, according to the Russian Central Bank. The dollar exchange rate increased by 0.6 rubles and was worth 62.27 rubles, the euro rose 0.71 rubles and was worth 72.83 …

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Russians triple investment in government

Last year, the Russians bought government federal bonds (OFZ) amounting to 93 billion rubles. This number is three times higher than in 2016, it follows from the Bank of Russia's data. Almost half of purchases accounts for …

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Russia's inflation outlook may be revised

Russia’s Central Bank plans to revise inflation outlook for 2018 in early June, the bank's First Deputy Chairperson Kseniya Yudaeva said. She noted that Russia's inflation has stabilized at the level …

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Russia’s Central Bank pauses key rate cuts

The Board of Directors of the Russian Central Bank decided to keep the key rate at 7.25% per annum, based on the results of its meeting today. "Annual inflation remains low. The April weakening in the ruble against the backdrop of …

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License of Sevastopol-based VVB bank revoked

Russia’s central bank has revoked a banking license from Sevastopol-based bank VVB, ranked 179th by assets as of March 1, the authority said. In December 2017, the central bank introduced an interim administration at VVB for six …

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Russia to give $19 billion to "bad debts" bank

Russia’s Central Bank will provide Trust Bank with a combined 1.1 trillion rubles ($19.17 billion), Central Bank Deputy Governor Vasily Pozdyshev said. The banks’ problematic assets could be united under …

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