Russian Central Bank

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Russia’s Central Bank keeps key rate at 4.25%

Russia’s Central Bank kept its key rate again at 4.25% per annum at the first board meeting this year, the regulator said in a press release following the meeting on Friday. "On 12 February 2021, the Bank of Russia Board of …

Russia's Central Bank retains key rate at 4.25%

At its last meeting this year, the Bank of Russia decided to once again retain the key rate at 4.25% per annum, according to the regulator’s press release. It indicates a more significant and lasting impact of one-off …

Russian Central Bank stabilizes interest rate

Russia’s central bank kept its key interest rate at 4.25% on Friday following a weakening in the rouble ahead of the U.S. presidential election, but said a rate cut was still possible in the coming months. The decision to keep the …

Russian banks receive record low net profit

Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …

Russian Central Bank cuts key rate to 5.5% per annum

The Bank of Russia reduced the key rate by 50 basis points at once for the first time since October 2019 to 5.5% per annum, the regulator said in a statement following its board meeting, TASS reports. "On 24 April 2020, the Bank of …

Foreign investment in Russian companies almost stops

Direct foreign investments in Russia’s non-banking sector during Q1 2020 reached only $0.2 billion, according to data from the Central Bank. For comparison, that figure in Q1 2019 was $10.3 billion, making for a more …

Russia's foreign debt shrinks as rouble weakens

Russia’s total external debt shrank in the first quarter to its lowest level since 2009, the central bank said, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks. …

Russian government buys 50% in Sberbank

The Russian government has bought 50% in the Russia’s top bank Sberbank from the Russian central bank at 189.44 rubles per share through the Finance Ministry, spending 2.139 trillion rubles from the National Wealth Fund on the deal, the …

Russia's central bank starts preemptive FX selling

The Russian central bank has started preemptive selling of foreign currency on the market today to lower market volatility after a steep drop in the rouble, the bank said. The move is aimed at "increasing the predictability of the …