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Russian central bank cuts interest rate to 18%

Russia's central bank today lowered interest rates to 18% from 20% earlier, its steepest cut in more than three years as policymakers race to avert a recession.

Business • 25 Jul

Russia's central bank has now raised rates by 850 basis points since July, including an unscheduled emergency hike in August

Russian central bank hikes rates to 16%

Russia's central bank has today raised its key interest rate by 100 basis points to 16%, hiking borrowing costs for the fifth meeting running under stubborn inflation pressure from widespread labour shortages, high lending and the weak rouble.

Business • 15 Dec 23

Russia's central bank increased its key interest rate by 350 basis points to 12% today after an emergency meeting

Russian central bank increases rates from 8.5% to 12%

Russia's central bank hiked its key interest rate by 350 basis points to 12% today from 8.5%, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy.

Business • 15 Aug 23

The bank this month warned that any further widening of Russia's budget deficit might compel it to raise interest rates

Russian Central Bank sees economy contracting by 2.4%

Russia's central bank said it expects the country's gross domestic product (GDP) to fall by 2.4% year-on-year in the first quarter of 2023, with annual inflation standing at 3.6%.

Business • 20 Feb 23

Russia's central bank drastically raised its key interest rate from 9.5% to 20% in a bid to counter inflation after it invaded Ukraine

Russian central bank maintains key rate at 7.5%

The Russian central bank kept its key rate at 7.5% today, an expected measure aimed at supporting the economy against a global trend of rising borrowing costs.

Business • 28 Oct 22

Russia's central bank has today lowered its key interest rate to 11%

Russian central bank cuts key rate, sees room for more

Russia's central bank lowered its key interest rate to 11% and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy is about to contract.

Business • 26 May 22

Bank Rossii, Russia's central bank, in Moscow

Russian central bank hikes interest rates

Russia's central bank said that the Russian stock and derivatives markets would remain closed today and it would update market participants on the future trading schedule tomorrow.

Business • 28 Feb 22

Russian central bank