Russian Central Bank

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Bank of Russia radically lowers key rate

The board of directors of Russia's Central Bank cut the key rate by 50 basis points to 6.5% today. "Inflation slowdown is overshooting the forecast. Inflation expectations continue to decrease. The Russian economy’s …

Bloomberg calculates Russia's loss from dollar dump

The first year of experiment in diversifying away from the U.S. dollar cost Russia about $7.7 billion in potential returns, Bloomberg reported. Russia’s central bank added exposure to underperforming currencies such …

Negative rate on FX deposits to be set in Russia?

Russia’s central bank is studying the possibility of setting negatives rate on forex deposits, but no decision has been made, the central bank’s financial stability department chief Elizaveta Danilova said at the …

Russia’s Central Bank cuts key rate to 7%

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.00% per annum. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, but inflation …