Bank of Russia ile ilgili hikayeler

• Russian inflation hit a peak last marked in early 2002 with 17.62% as of mid-April, Moscow said, noting that weekly acceleration of consumer price increases had slowed down some in recent weeks. The main driver of the rise is volatility in the country's currency as a result of Western sanctions. via Reuters The response: Bank of Russia is looking to slash its interest rate , currently at 17%, in upcoming board meetings, Governor Elvira Nabiullina said, add...Devamını Oku

22 Nis 2022

• Goldman Sachs slashed its outlook for Russian output in 2022, forecasting a 12.4% contraction in 2022 followed by another 3.5% shrink the next year, while Barclays now foresees a 10% drop in Russian output this year. On the market: The Bank of Russia also confirmed it would continue the purchase of government bonds once the Moscow Exchange was up and running again on Monday, for the first time since the Kremlin began its offensive in Ukraine.

22 Mar 2022

• The Bank of Russia was allowed via presidential decree to limit forex actions of both foreigners and residents, with the latter's purchase of non-Russian resident stocks now requiring cenbank approval. Zoom in: The presidential decree also restricted non-residents' forex purchases on the Russian market and cleared sanctioned banks to pay companies forex deposits in rubles. The bigger picture: Russia threaded dangerously close to a default last week when it was s...Devamını Oku

21 Mar 2022

• Moody's further slashed Russia's credit rating to Ca, down from B3 on Friday, citing severe capital controls by the Bank of Russia that the ratings giant said was likely to lead to the country's inability to pay its international debt.

07 Mar 2022

• Visa, Mastercard and American Express said they are suspending their operations in Russia, meaning that cards issued in Russia will not work abroad, and any cards issued outside of Russia will not work within the country. The move comes a week after the credit card giants suspended activity by sanctioned Russian organizations. Looking ahead: "Many Russian banks" are looking to link up with Chinese payment company UnionPay to subsidize the limitation of Visa and M...Devamını Oku

07 Mar 2022

• The Bank of Russia temporarily paused foreign nationals' sales of Russian assets and poured a trillion rubles (€7.8bn) of its National Wealth Fund into the purchase of Russian stocks in a series of maneuvers aimed at stabilizing a sinking Russian ruble. Furthermore: The central bank also collected some $26 billion (€23.4bn) in a one-day repo auction it held without limit in order to promote higher liquidity.

02 Mar 2022

• The Bank of Russia more than doubled its key interest rate to 20% on Monday in response to sweeping sanctions from the West that prompted the central bank to also suspend stock trading in Moscow, enforce export regulations and stop the sale of any foreign-owned assets. Furthermore: The Russian ruble lost 14% of its value against the US dollar in the aftermath of the West's sanctions, shedding 30% of its opening value at one point. "The economic reality has...Devamını Oku

01 Mar 2022

• Vladimir Putin applauded the Bank of Russia (CBR) for its hawkish policies to battle inflation, saying the country could end up facing an economic crisis like Turkey’s if it failed to raise interest rates. A step back: The CBR last week raised its benchmark interest rate by 100 basis points to 8.50% to battle the 8.4% inflation rate — bringing the total increase in 2021 to 425 basis points. “If we take the world’s leading economy, the US, they have inflation of ...Devamını Oku

24 Ara 2021