Central Bank of the Russian Federation

Russian Monetary Stance Eased as Expected

June 14, 2019

The Central Bank of Russia today cut its benchmark interest rate for the first time since March 2018. The 25-basis point rate reduction to 7.5% had been foreshadowed in comments made after the previous monetary policy review, and today’s released statement points to more rate relief in coming months if inflation continues to settle back […] More

Most Stock Markets Slide Amid Continuing Geopolitical Tensions

June 14, 2019

Equities overnight by 1.0% in China, 0.7% in India, and 0.6% in Hong Kong. European losses so far amount to 0.8%, 0.7%, 0.6% and 0.5% in Germany, Spain, the U.K., and France. But the Japanese Nikkei closed 0.4% higher. The United States is engaged in a three-frontal confrontation: a trade war with China, a potential […] More

Central Bank of Russia Hints of Coming Interest Rate Hike

April 26, 2019

Officials at the Central Bank of the Russian Federation left the one-week repo rate unchanged at 7.75% for a third straight policy review. Such had been raised by 25 basis points each last September and December. But a released statement expressed confidence that a nascent upturn in inflation was nipped early by those tightenings and […] More

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

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