Russian Central Bank

Russian Central Bank explains ruble’s volatility

Russia’s Central Bank can adjust its daily purchases of foreign currency to curb the ruble’s volatility as part of the implementation of the budget rule mechanism, the regulator said in a press release. Meanwhile, transactions as part …

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 Russia's central bank extends key rate pause

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25% today again. It was the third consecutive board meeting the bank had decided to hold the key rate, citing risks of higher inflation. …

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Russia's central bank about sanctions influence on ruble

The Russian ruble would have been firmer by 2-4% as of end-June if not for the latest round of U.S. sanctions imposed in April and the threat of more to come, the country's central bank said. The central bank also said inflationary …

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License of Russia's Sovetsky bank revoked

Russia’s central bank has revoked a banking license from Saint Petersburg-based bank Sovetsky today, the authority said. In February 2012, the Bank of Russia has approved the plans of its participation in bankruptcy prevention …

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Dollar - 63, euro - 73

The ruble fell against the dollar and the euro on the Moscow exchange, the Russian Central Bank said. The dollar exchange rate increased by 0.798 rubles and was worth 63.4838 rubles, the euro rose 0.949 rubles and was worth 73.4825 …

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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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