Russian Central Bank

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Central Bank: Russian economy close to balance

According to Russia’s central bank, the situation in the Russian economy is close to balanced, First Deputy Governor Ksenia Yudaeva said. "The situation in the Russian economy is close to balanced and there …

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Russia’s gold and forex reserves climb to record high

Russia's gold and forex reserves have hit the 487.8 billion dollars mark, breaking a five-year record on 1 April, when the figure stood at 486 billion dollars, according to the Russian Central Bank’s data. This comes as the …

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 Russia's Central Bank buys forex worth 18.3 bln rubles

Russia’s Central Bank bought foreign currency worth 18.3 billion rubles on April 1 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry would allocate 310 billion rubles or an …

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Russia’s Central Bank keeps key rate at 7.75%

The board of directors of the Bank of Russia decided to keep the key rate at 7.75% per annum, the regulator said in a press release following the board meeting on Friday. "If the situation develops in line with the baseline …

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 Russia’s central bank says when rate can be cut

Russia’s central bank may cut its key interest rate as soon as late 2019 if the economy develops in line with forecasts, the bank’s head of monetary policy department Alexey Zabotkin said. He added that the …

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 Russians's wage growth slows down in January

The annual growth of Russians’ real wages has slowed down to its lowest since mid-2016 in January - 0.2%, due to rising inflation, the Russian Central Bank said in a report. "The annual growth rate of nominal wages continued …

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Bank of Russia keeps key rate at 7.75%

The Bank of Russia Board of Directors decided to keep the key rate at 7.75% per annum, the regulator said in a press release.  When grounding its decision the regulator noted that in January 2019, annual inflation held at the lower …

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