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

Russian officials warn of challenges posed by strong rouble

The Russian rouble will be stronger than previously expected, which represents a challenge for the economy, with several major export-oriented mega projects potentially suffering losses, top Russian ... 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

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 rates by 50bp to 16.5%

The Central Bank of Russia (CBR) cut rates by 50bp on October 24 to 16.5% in an effort to boost flagging growth despite fears of a revival of inflationary pressure due to an upcoming two percentage ... 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

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

The Cracks in Russia’s War Economy

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ... Read More

A slowing wartime economy pushes the Kremlin to tap consumers for revenue

After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off. 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