Russian Central Bank

Russia has external debt of $529 billion

Russia's external debt, as of the 1st of January 2018, amounted to $529.084 billion, according to the Bank of Russia's estimates.  In comparison with the beginning of the previous year it has increased by $15.0 …

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Is Russia on the verge of deflation?

Director of the Department of Monetary Policy of Russia's Central Bank Igor Dmitriev said that the Central Bank doesn't see threat of systemic deflation in the country. "I don't see any threat of deflation yet, …

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Russia's central bank governor to skip Davos

Russia's Central Bank’s Governor Elvira Nabiullina will not attend the World Economic Forum in Swiss town of Davos, the bank’s press service said. Nabiullina was initially scheduled to attend a session …

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 Russia to purchase record volume of dollars

Russia's finance ministry said it will increase its daily purchases of foreign currency for state reserves to the equivalent of 15.1 billion rubles ($265.10 million) between January 15 and February 6. Total purchases for the …

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What awaits Russian banks in 2018?

Russia's Central Bank announced transition to proportional regulation of the banking system. In other words, in 2018 banks will have to decide whether to increase their capital to 1 billion rubles and work under universal license, …

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Russia’s central bank about key rate in 2018

Russia’s central bank expects inflation in December to be approximately on the same level as in November, but there is a possibility that prices could increase slightly, the head of the analytical department at the central …

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Russia's central bank to stop being lombard

The Russian Central Bank will reduce its Lombard list, limiting it with only federal loan bonds and state securities. The remaining securities will be accepted in the framework of the emergency liquidity assistance mechanism (ELA), but on an …

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Russia's Central Bank cuts key rate to 7.75%

The board of directors of Russia’s Central Bank cut its key interest rate by 50 basis points to 7.75% from 8.25%. The central bank said it would also consider cutting the key rate next year because inflation had slipped below …

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Russian Central Bank to 'bail out' Promsvyazbank

Russia's central bank said that it had put Promsvyazbank under temporary administration as part of a bailout plan. The central bank said in a statement it was providing funds to support Promsvyazbank’s liquidity and would send …

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 Russia's central bank promises key rate of 6%

Russia's Central Bank expects that the key rate will stabilize at 6% after reaching this level in 2019, the deputy director of the Monetary Policy Department of Russia's Central Bank Andrey Lipin said, speaking at …

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Russia buying gold

Russia should increase a share of gold in its state reserves to beef up national security, the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said. "The Bank of Russia and other countries give …

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