Central Bank of Russia

Central Bank of Russia

March 23, 2018

The Board of Directors of the Russia’s central bank lowered the one-week repo rate another notch to 7.25% from 7.5% and served further notice in a released statement that they intend to “continue to reduce the key rate and will complete the transition to neutral monetary policy in 2018.” Officials noted that “annual inflation remains sustainably low” and predicted […] More

Share Prices Down in Europe as Week Draws to a Close

September 16, 2016

Equities have fallen 1.6% in Italy, 0.6% in Spain, 0.5% in Germany, 0.4% in France, 0.3% in Switzerland, and 0.2% in Greece.  The British Ftse is flat, and stocks earlier rose 1.1% in Australia, 0.9% in New Zealand, 0.8% in Singapore, and 0.7% in Japan and India. Many Asian markets — for instance, China, Taiwan, […] More

Key Russian Central Bank Rate Kept at 11.0%

April 29, 2016

The Central Bank of Russia’s Board of Directors projects a drop of CPI inflation from 7.3% currently to 5% a year from now and the 4.0% target by end-2017.  But officials want to be more confident of this path before resuming last year’s easing that saw a series of cuts over the first seven months […] More

Central Bank of Russia

January 29, 2016

Russia’s key interest rate was left at 11.0%, its level since a 50-basis point reduction last July.  At the end of 2014, the rate stood at 17% in an effort to contain inflation and ruble depreciation.  In 2015, the rate was cut 200 basis points in January, 100 bps in March 150 bps in April, […] More

Central Bank of Russia Cuts Key Interest Rate for Fourth Time in 2015

June 15, 2015

Following reductions of 200 basis points (bps) in January, 100 bps in March and 150 bis at the end of April, Russia’s main central bank rate was reduced today by 100 bps to 11.5%.  This cumulative 550-bp decline reverses by more than half a combined 900-bp rate hike last November-December, and more monetary relief is […] More

Bank of Russia Cuts Key Interest Rate by Greater-than-Forecast 150 Basis Points

April 30, 2015

Following up on reductions of 200 basis points on January 30 and 100 bps announced March 13, the Central Bank of Russia’s key repo rate was slashed today to 12.5% from 14.0%.  This brings the drop to 450 basis points and trims last year’s cumulative tightening of 11.5 percentage points by 39%.  A statement was […] More

The Central Bank of the Russian Federation Reduces Key Interest Rate to 14.0%

March 13, 2015

Following up on a 200-basis point rate cut at the start of February, Russian monetary officials cut the key central bank interest rate by a further 100 basis points.  In response to last years ruble crisis that lifted inflation into double digits, the rate was raised four time between March and November by a total […] More

Central Bank of Russia Cuts Interest Rate to 15% from 17%

January 30, 2015

Russian consumer price inflation has catapulted higher, fed by the massive plunge of the ruble in the second half of last year.  In December alone, prices jumped 2.6%, raising the on-year advance above 11%.  From 5.5% a year ago, the Central Bank of Russia’s one-week auction rate was lifted by 150 basis points last March, […] More

Focus on China and Russia and a Softer Dollar

November 10, 2014

The annual summit of APEC leaders began in Beijing.  Chinese President Xi met with Japanese Prime Minister Abe and agreed to a framework for handling geopolitical crises between the two Asian powers.  A stock trading link between China and Hong Kong was finalized and will be launched on November 17th. China also reported October price […] More

The Central Bank of the Russian Federation

September 12, 2014

Russian monetary officials decided to keep the key interest rate at 8.0% despite inflation of 7.7% versus a medium-term target of 4%.  The monetary policy rate had previously been raised by 150 basis points in March and 50 bps each in April and July.  A statement released today explains that elevated inflation stems from geopolitical […] More