Economy News Russia S Central Bank Governor Nabiullina On Rates, Economy And Banks
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Russians are so nervous about the economy that the central bank took to Telegram to dismiss rumors about deposits being frozen
The high interest rates attracted a flood of bank deposits. Recently, rumors emerged that retail deposits could be frozen, prompting Russians to swarm the central bank with questions, the bank wrote ... Read More
A slowing wartime economy pushes the Kremlin to tap consumers for revenue
Russia's economy has slowed after two years of robust growth fueled by the war in Ukraine. That's opening a hole in the Kremlin's budget, and President Vladimir Putin is looking for money to cover the ... Read More
Russian Central Bank Governor Nabiullina on future rate decisions, oil prices, impact of sanctions
MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina addressed a news conference on Friday after the central bank cut its interest rate by 50 basis points to 16.5%. Nabiullina spoke in ... Read More
Russian central bank says will take into account gasoline price rises in rate moves
SOCHI, Russia, Oct 9 (Reuters) - Russia's central bank will take into account a spike in gasoline prices and its impact on people's inflationary expectations when making decisions on potential ... Read More
It is essential for Bank of Russia to continue lowering inflation — regulator’s chief
Elvira Nabiullina added that stabilization of inflation at a low level and weak inflation expectations will create conditions for a more rapid reduction of the key rate by the Bank of Russia MOSCOW, ... Read More
Russia Acknowledges Crypto’s Popularity With Its Citizens as Central Bank Weighs Bank Involvement
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under ... Read More
Exclusive-Russia's Industrial Titans Furlough Workers as Its War Economy Stalls
MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war ... Read More
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