key rate

Russia raises key rate to 7.5%

Russia’s central bank increased its key interest rate sharply to 7.5% on Friday, delivering its sixth hike this year in an effort to tame the highest inflation since early 2016, and indicated that more rate rises were still possible. …

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Bank of Russia increases key rate to 6.75% per annum

Russia’s Central Bank has again raised its key rate - by 0.25 percentage points to 6.75%, noting that it holds open the prospect of further key rate rises at its upcoming meetings, according to the press release following they key rate …

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Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

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Russian central bank could raise rates in July

Russia’s central bank will consider raising its benchmark interest rate by between 25 and 100 basis points from the current 5.5% at its next rate-setting meeting on July 23 to rein in inflation, Governor Elvira Nabiullina said on …

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Bank of Russia raises key rate to 5.5% per annum

For the second time in a row, the Bank of Russia raised the key rate by 0.5 percentage points to 5.5% per annum, according to the regulator's statement. "On 11 June 2021, the Bank of Russia Board of Directors decided to …

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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 …

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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 …

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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 …

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Kazakh central bank hikes key rate to 12%

Kazakhstan's central bank hiked its policy rate to 12.0% from 9.25% today, governor Yerbolat Dosayev said. He cited risks of pressure on the tenge exchange rate and inflation after the collapse of oil prices, Reuters reported. …

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Russian Central Bank cut interest rate further

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 6.00% per annum amid slowing inflation. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, …

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Russia’s central bank cuts key rate by 1.5% this year

The board of directors of Russia's Central Bank cut the key rate by 0.25 percentage points to 6.25% annually as inflation has slowed down faster than expected, the regulator said in a statement. "Annual dynamics of the consumer …

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Russia's Central Bank to cut key rate to 5%?

Assistant to the Russian president Andrei Belousov believes that potential for further easing of the Russian Central Bank's monetary policy after several consecutive cuts in the key rate remains quite high. According to him, …

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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 …

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