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

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

Russia's Central Bank Cuts Key Rate as New Sanctions Loom — Update

Russia's central bank 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 in ... Read More

Key rate cut cycle, recovery from overheating — Bank of Russia Governor in Duma

MOSCOW, October 28. /TASS/. The Russian economy is currently moving along a scenario of a managed recovery from overheating, Central Bank Governor Elvira Nabiullina announced in the State Duma, the ... Read More

Russia Cuts Key Interest Rate, Warns Of Tepid Growth

Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. The ... 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

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