Vasiliy Yakimkin

Russian Central Bank keeps key rate at 10%

The Board of Directors of Russia’s Central Bank has decided to maintain its key rate at 10%, the bank said in its press release. The regulator finds it necessary to keep the key rate on the current level until the end of 2016 to …

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Russia’s Central Bank rounds up its interest rate to 10%

The board of directors of Russia’s Central Bank has decided to cut its key interest rate by half a percentage point to 10%, citing an inflation slowdown and inflation expectations at the remaining unsustainable economic activity, the …

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Russian Central Bank slows down key rate reduction

The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 10.5% per annum at the today's meeting. "The decision and further tight monetary policy will contribute to achieving the inflation …

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 Will Russia's GDP start to growth?

The Russian Ministry of Economic Development expects Russia's GDP will start growing in the near future, the head of department Alexey Ulyukayev said. "The rates for end-use borrowers are being reduced, and the …

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Soros: EU is collapsing, Russia is reviving

The US billionaire George Soros admitted he is losing hope for his plans. The businessman said that he sees Russia emerging as a global power as the European Union collapses, in much the same way as the EU flourished when the Soviet Union started to fall apart. At the same time, Soros said he felt "more than ever" that the EU's destiny hinged on Ukraine's future. European countries have lost billions of dollars due to the cessation of trade with Russia after the introduction of sanctions, which, apparently, will be extended at the request of Washington, the investor expects. If this is the future that awaits the EU, the British have even more reasons to vote for secession from the Union on June 23, the billionaire noted.

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Will freezing salaries help Russian economy?

Representatives of the Russian Central Bank for the first time mentioned the threat behind a slow decline of inflation in Russia. The domestic inflation calculated by experts has stabilized, but at a level above 4%. Thus, the Bank of Russia supported the Ministry of Economy's and the Ministry of Finance's intention to reduce labor costs in the economy.

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 Ruble meets May Day with confidence

The Russian ruble is receiving new sources of support for its course ahead of the upcoming May Day, experts predict. The main source of support is the ongoing tax period, when Russian companies are interested in having funds in the …

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 European banks refuse to place Russian government bonds

Major European banks such as BNP Paribas, Credit Suisse Group AG, Deutsche Bank AG, HSBC and UBS Group AG have refused to place Russian state bonds, the WSJ reports with reference to informed sources. It is reported that the banks …

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Has Russian Central Bank 'frozen' key rate?

The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11% today. Against the backdrop of another oil price slump, monthly consumer-price growth rates have stabilized at a high level with a higher …

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 Dollar overcomes level of 80 rubles

The ruble set a new anti-record. As of 11:15 am, the dollar increased by 1.46 rubles on the Moscow exchange and was worth 80.02 rubles, the euro rose 1.95 rubles and was worth 87.67 rubles. Later, the rates have …

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Is ruble overvalued?

Sberbank CIB experts said that today the ruble is overvalued, so it may fall in the near future. According to them, the Russian domestic currency may fall to 70-75 rubles per dollar. Against this background, experts estimate the …

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Elvira Nabiullina talks about risks in 2016

The head of the Central Bank of the Russian Federation, Elvira Nabiullina, told about the key threats and factors of stability, which will influence the Russian economy in the next year. She stressed that the volatility of …

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Is everything okay with Russian banking system?

The Deputy Chairman of the Executive Board of Sberbank, Bella Zlatkis, commented on the situation in the Russian banking system. According to her, "there is hardly a person who says that the banking system is …

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Are these the last few days of Visa in Russia?

Visa will disclaim any obligation to guarantee service operations of cards from Russian banks from October 1st. "Visa said that from October 1st it does not guarantee the processing of authorization requests for local operations ...

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Russia needs to prepare for new sanctions

The Western sanctions against Russia were introduced for a long time, Russian Deputy Foreign Ministry Sergei Ryabkov said at the sidelines of the Russian Arms Expo - 2015 (RAE-2015). "We should proceed from the premise that …

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US expands anti-Russian sanctions list

The US has expanded the sanctions list of individuals and corporations in relation to the situation in Ukraine. The list includes names of 11 individuals and 15 entities: the relatives and business partners of Gennady Timchenko and Boris …

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Russian Central Bank says December crisis will not happen again

The Russian Central Bank considers a repetition of the financial crisis of December 2014 to be unrealistic, according to the Central Bank report on financial stability. "In the current environment, the repetition of a situation similar to December 2014 is unrealistic," the report said.

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