RUB Forex News
Russia Hikes Interest Rate By 200 Bps; Signals Another Hike
Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 21.00 percent from 19.00 percent.
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27 days ago
Russia Hikes Key Rate Unexpectedly By 100 Bps
The Bank of Russia lifted its benchmark rate by 100 basis points on Friday as inflationary pressures remained elevated and domestic demand expanded significantly. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 19.00 percent from 18.00 percent. This was the second consecutive rate hike. The bank was expected to maintain status quo.
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69 days ago
Russia Central Bank Hikes Rate By 200 Bps
Russia's central bank raised its benchmark rate by 200 basis points on Friday amid rising risks to inflation and slower domestic demand, and also kept the door open for further tightening. The board of directors, led by Governor Elvira Nabiullina, decided to lift the key rate to 18.00 percent from 16.00 percent.
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118 days ago
Russia Central Bank Holds Rate Steady At 16%, Signals Hike In July
The Bank of Russia left the key interest rate unchanged for the fourth policy session in a row, in line with expectations, and hinted at a rate hike in the upcoming meeting.
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167 days ago
Bank Of Russia Hikes Rate By 100 Bps
Russia's central bank raised its benchmark rate by 100 basis points on Friday and maintained a hawkish bias as proinflationary risks are assessed to be substantial and the economy exhibits faster than previously envisaged growth. The board of directors of Bank of Russia, headed by Elvira Nabiullina, decided to lift the key rate by 100 basis points to 16.00 percent.
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342 days ago
Russia Central Bank Adopts Bigger-Than-Expected Rate Hike To Fight Inflation
The Bank of Russia raised its benchmark rate by a bigger-than-expected 200 basis points on Friday as inflationary pressures moved significantly above expectations. The board of directors headed by Elvira Nabiullina decided to lift the key rate to 15.00 percent from 13.00 percent. Markets were anticipating a 100 basis point increase.
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391 days ago
Russia Central Bank Lifts Key Rate By 100 Bps
Russia's central bank delivered another sharp interest rate hike on Friday, citing crystallizing significant proinflationary risks. The board of directors of the Bank of Russia decided to raise the key rate by 100 basis points to 13.00 percent. The outcome of the meeting widely matched the expectations.
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433 days ago
Russia Central Bank Lifts Rate By 350 Bps
The Bank of Russia raised its benchmark rate sharply by 350 basis points at an emergency meeting on Tuesday to contain the depreciation of the ruble and thereby limit the inflationary pressures. The Board of Directors of the Bank of Russia decided to lift the key rate to 12.00 percent from 8.50 percent.
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464 days ago
Russia Hikes Key Interest Rate By 100 Bps
Russia's central bank raised its benchmark rate by a bigger-than-expected 100 basis points on Friday as a weak ruble intensified pro-inflationary risks. The Board of Directors of the Bank of Russia, led by Governor Elvira Nabiullina, decided to raise the key rate by 100 basis points to 8.50 percent.
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489 days ago
Russia Central Bank Signals Rate Hikes Ahead
The Bank of Russia left its key interest rate unchanged again on Friday but the forward guidance turned hawkish in the face of rising inflationary pressures. The Board of Directors of the Bank of Russia, led by Governor Elvira Nabiullina, decided to retain the key interest rate at 7.50 percent.
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531 days ago
