finances

page 5
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 …

Read
Christine Lagarde appointed as head of ECB

European Union leaders confirmed the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1. Lagarde’s confirmation for a …

Read
Russia raises its holdings of U.S. Treasuries

Russia raised investment in U.S. treasury bonds by $826 million to $9.327 billion in August, according to the data of the U.S. Department of the Treasury. Of the total, $6.259 billion are long-term bonds and $3.068 billion are …

Read
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 …

Read
New 10 GEL banknotes released in Georgia

New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …

Read
IMF - body which is completely out of picture

Sberbank CEO Herman Gref, speaking at the International Organization of Supreme Audit Institutions (INTOSAI) Congress, described the International Monetary Fund (IMF) as the body which is completely out of the picture. …

Read
Georgian National Bank increases refinancing rate again

The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …

Read
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 …

Read
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 …

Read
India's advance payment for Russia's S-400 received

Russia and India have settled the issue of the Indian side’s advance payment for the delivery of S-400 long-range surface-to-air missile systems, the press office of Russia’s Federal Service for Military and Technical Cooperation …

Read

Populars