Russian Central Bank

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Russian Central Bank's cautious rate cuts continue

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.25% per annum. "Inflation slowdown is continuing. At the same time, inflation expectations remain elevated. Russian economy’s growth …

Russian cenbank says 50 bps rate cut unlikely in July

The Russian central bank is unlikely to cut its key interest rate by 50 basis points next week as it prefers smaller shifts in its policy, the bank’s head of monetary policy, Alexei Zabotkin, said in an interview published on Thursday, …

Is Bank of Russia ready to cut key rate?

Russia's Central Bank chief Elvira Nabiullina said that the Bank of Russia is ready to consider an opportunity for reduction of the key rate in the short run. "We raised the key rate at the turn of the last …

Russia's Central Bank on inflationary expectations

Russian households' expectations for inflation fell in May to 9.3% from 9.4% in April, the Russian Central Bank said. The inflationary expectations for the next 12 months fell to 9.3% in May as the influence of an increase of value …

Russia's Central Bank ready for rate cut?

Russian central bank Governor Elvira Nabiullina said that a cut to the key interest rate was still possible in the second or third quarter of 2019. The central bank has continued the policy of diversifying its …

Russia’s currency reserves reach $500 bln

The Russian Central Bank Chief Elvira Nabiullina said that Russia’s gold and foreign currency reserves stand at a comfortable level and have almost reached the $500 billion target. "Last year reserves …