Economy News Russia S Central Bank Governor Nabiullina On Rates, Economy And Banks

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

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

Russia's Nabiullina and her deputy on future rate decisions, oil prices, impact of sanctions

MOSCOW, Oct 24 (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its interest rate by 50 basis ... Read More

Russian officials warn of challenges posed by strong rouble

Economy Minister Maxim Reshetnikov told the "Russia Calling" investment conference that due to weak imports and weak capital outflows, the stronger rouble was expected to stay, and companies had no ... Read More

Bank of Russia Sees Deepening Pain for Firms With Growth Slowing

Russia’s central bank signaled a deterioration in corporate finances and an increase in problem debt, though predicted even a sharper downturn won’t endanger financial stability. Read More

Russia’s Central Bank Cuts Key Rate as New Sanctions Loom

Russia’s central bank on Friday lowered its key interest rate for a fourth straight meeting as an already slowing economy braces for the impact of fresh sanctions from the U.S. and the European Union ... Read More

Russia's largest lender sees economy cooling for another year

Russia's economy is seeing "continued cooling" with growth likely to remain at around 1% next year and business activity remaining weak for four to five quarters, a senior executive at Sberbank, the ... 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

Bank of Russia’s Governor calls sharp key rate cut a ‘double blow’ to economy

MOSCOW, October 30. /TASS/. A sharp reduction in the key rate would lead to a surge in inflation and then to a rise in market rates, Bank of Russia Governor Elvira Nabiullina said speaking at the ... Read More

Russians won’t rush to the digital ruble, central bank admits

Mass adoption of Russia’s upcoming digital ruble is not to be expected, according to one of its monetary authority’s high-ranking representatives. Read More