Russia’s CentralBank slashed its key interest rate by 2 percentage points on Friday, a notable shift after months of high rates that helped tame inflation but also made borrowing painfully expensive for businesses and consumers alike.
Silver has outperformed gold this year with hints of Russian central bank buying and interest from members of the BRICs group seeking a U.S. dollar trade alternative ... .
The CentralBank of Russia announced updated exchange rates on Saturday, lowering the official rates for the US dollar and euro while raising the rate for ...
(MENAFN) The Bank of Russia has reduced its key interest rate by 100 basis points to 20%, marking its first rate cut since 2022. The central bank cited a slowdown in inflation as the main reason for ... .
“The Russian economy is gradually returning to a balanced growth path,” the CentralBank said in a statement, though it warned that monetary policy would “remain tight for a long period.” ... Central Bank , Economy.
The Russian central bank cut its key interest rate by a full percentage point to 20 per cent on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and a more robust rouble.
He urged the central bank to ... The central bank reported a notable increase in credit restructuring activities undertaken by large and medium-sized Russian enterprises towards the conclusion of March.
The RussianCentralBank has announced plans to lift restrictions on financial instruments tied to Bitcoin and other cryptocurrencies, a move that could attract Russian billionaires to the crypto market ... .