Key Points and Summary - Russia is grappling with severe inflation, forcing its central bank to maintain a punishing 18% key interest rate to cool down the wartime economy. -This inflation is fueled ...

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Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. Announcing ...

MOSCOW (Reuters) -Russian President Vladimir Putin told a government meeting on Monday that measures to reduce inflation were working, but questioned whether more needed to be done to boost growth.

The Bank of Russia continued its cycle of key interest-rate cuts even as Ukrainian attacks on refineries and a looming tax increase stoke inflation risks. The central bank lowered borrowing costs by ...

MOSCOW (Reuters) -Russia has made substantial progress in fighting inflation, Alexei Zabotkin, deputy governor of the central bank, said on Tuesday, ahead of a rate-setting meeting scheduled for ...

Russia hikes rates in first move since July 2020 Central bank says more rate hikes possible soon Higher rates designed to help tame inflation Move expected to bolster rouble MOSCOW, March 19 (Reuters) ...

A further decrease in the growth rate of the global economy and oil prices in case of escalating trade disputes may have proinflationary effects through the ruble exchange rate dynamics, the Bank of ...

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A man holds ruble bills in front of a screen showing a candlestick chart of the U.S. dollar to the ruble on May 8, 2022. (Silas Stein / dpa Picture-Alliance via AFP) MOSCOW (AFP) — Russia’s central ...