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Tag: central bank of russia

Russia: Central bank eases currency restrictions

Russia: Central bank eases currency restrictions Russia: Central bank eases currency restrictions

Russia’s central bank said today that a small easing of currency restrictions on banks, which took effect this week, will boost the supply of cash in dollars and euros in the local market. Under current rules, banks were only allowed to sell foreign currency cash bought by individuals after April 9. But starting this week, […]

Russia will not supply oil to countries that put a ceiling on its price

Russia will not supply oil to countries that put a ceiling on its price Russia will not supply oil to countries that put a ceiling on its price

Russia will not supply oil to countries that decide to put a ceiling on the price of oil, the governor of the Central Bank of Russia, Elvira Nabiulina, said today during a briefing. Nabiullina added that the G7 proposal, which aims to strip Russia of energy revenues in a bid to limit Moscow’s options to […]

Ruble falls after key interest rate cut in Russia

Ruble falls after key interest rate cut in Russia Ruble falls after key interest rate cut in Russia

The Russian ruble fell above 58 to the dollar today, hitting its weakest point of the day, just after the central bank cut interest rates for the fourth time this year by 150 basis points to 8%, a bigger-than-expected cut. . The ruble was 1.9% weaker against the dollar at 57.74, after briefly reaching 58.14 […]

The Central Bank of Russia reduced its key interest rate to 8%

The Central Bank of Russia reduced its key interest rate to 8% The Central Bank of Russia reduced its key interest rate to 8%

Russia’s central bank cut its key interest rate by a more-than-expected 1.5 points to 8.0 percent on Friday and said it would study the need for further cuts as inflation slows and the economy needs cheaper borrowing as it sinks into recession. . It was the fourth reduction this year. Immediately after Moscow sent armed […]

Russia: 70 financial institutions from 12 countries have joined our alternative SWIFT system

Russia: 70 financial institutions from 12 countries have joined our alternative SWIFT system Russia will not supply oil to countries that put a ceiling on its price

About 70 financial institutions from 12 countries have already joined the alternative Russian system of SWIFT, said the governor of the Central Bank of Russia, Elvira Nabiulina. The big Russian banks have been cut off from SWIFT, the messaging system that supports financial transactions worldwide, in the context of Western sanctions in response to Russia’s […]

Nabiulina: Russia must reconsider export framework and lift most capital controls

Nabiulina: Russia must reconsider export framework and lift most capital controls Russia will not supply oil to countries that put a ceiling on its price

Russia needs to rethink the context of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be lifted, central bank chief Elvira Nabiulina said today. Nabiulina, speaking at the annual St. Petersburg Economic Forum, said a “significant portion” of Russian industry should start working for the domestic […]

Russia’s central bank cut interest rates to pre-war levels

Russia’s central bank cut interest rates to pre-war levels Russia: Central bank eases currency restrictions

Russia’s central bank has returned interest rates to pre-invasion levels and said it would continue to look for further cuts as inflation slows to a 20-year high. The bank had raised interest rates from 9.5% to 20% immediately after the Russian invasion of Ukraine on February 24, but has since cut borrowing costs three times, […]

The ruble is close to a two-week high before the decision on interest rates by the Central Bank of Russia

The ruble is close to a two-week high before the decision on interest rates by the Central Bank of Russia The ruble is close to a two-week high before the decision on interest rates by the Central Bank of Russia

The Russian ruble stabilized on Friday, returning to the high of more than two weeks it had in the previous session with the support of capital controls, as the market expects the expected reduction of interest rates by the central bank, according to Reuters. As of 10:24 Greek time, the ruble was 1.1% stronger against […]

Weakening of the ruble after the reduction of interest rates by the Russian Central Bank

Weakening of the ruble after the reduction of interest rates by the Russian Central Bank Weakening of the ruble after the reduction of interest rates by the Russian Central Bank

The Russian ruble weakened on Thursday as the central bank cut interest rates to 11% in an off-policy meeting and the fiscal period ended at the end of the month, although capital controls kept it trading not far from the multi-year high against of the euro and the dollar. The central bank cut its key […]

Central Bank of Russia: Reduces its key interest rate to 11%

Central Bank of Russia: Reduces its key interest rate to 11% Central Bank of Russia: Reduces its key interest rate to 11%

LAST UPDATE: 10:46 Russia’s central bank cut its key interest rate to 11% from 14% on Thursday, the bank said in a statement after its emergency meeting today. The central bank, which has now cut its key interest rate cumulatively by 900 basis points since February, said it “keeps open the prospect of lowering the […]