Central Bank of the Russian Federation

Bank of Russia Surprises Market with 25-Basis Point Key Interest Rate Hike to 7.5%

September 14, 2018

According to a statement released by the Board of Directors, inflation is climbing toward 4% faster than expected and inflation expectations have moved slightly higher, warranting today’s decision to implement the central bank’s first rate increase since mid-December of 2014. The peak of 17.0% only was retained for 7 weeks. A series of reductions ensued […] More

Central Bank of the Russian Federation Leaves Policy as Is

April 27, 2018

Breaking a streak of five straight reductions of the key central bank between last September and March and totaling 175 basis points, the Bank of Russia Board of Directors agreed to leave such unchanged at 7.25% at today’s review. A released statement said that CPI inflation of 2.4% last month was still low but that […] More