Russian Central Bank

Deutsche Bank: ruble among most undervalued currencies

The ruble ranked among the top three undervalued world currencies, according to Deutsche Bank's Behavioral Equilibrium Exchange Rate (BEER). It is 15% weaker than its "fair rate," the bank's economist said. In the review of …

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Are Russian finances out of danger?

Russia's financial stability indicators are at a safe level, the Russian Central Bank said in its financial market risks review for August, "An unfavorable external background is formed in the face of expectations of U.S. …

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Russian Central Bank announces possible key rate hike

The ruble bounced back after the morning decline and began to grow against the dollar after head of Russia’s Central Bank Elvira Nabiullina said that the regulator may raise the key rate at the next meeting of the board of …

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20th anniversary of Russia's 1998 default

Twenty years ago, on August 17, 1998, Russia announced a technical default on main types of sovereign debt securities to the amount about $72.7 million.  One of the main reasons of crisis was the oil price collapse to $9.1 per …

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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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