At its June meeting, for the first time this year, the Bank of Russia Board of Directors decided to cut the key rate by 0.25 pp. to 7.5% per annum. Such a decision was motivated by the plunge of annual inflation in April-May 2019 to 5.1%, coupled with weakening inflation risks. The inflation...

The key rate of the Central Bank of the Russian Federation has been raised by 1 p.p. to 8.5% per annum. It has reached its maximum value since 2017. This is due to the acceleration of inflation on the back of the expansion of demand in the face of continuing problems with goods and services...

The Bank of Russia Board of Directors meeting on 18 September 2020 left the key rate unchanged at 4.25% per annum thus putting on hold monetary policy easing taking place from the outbreak of the coronavirus pandemic. This decision was due to the effect of short-term proinflationary risks...

This work is aimed at the study of the state of regional banking system in the Russian Federation and revealing their influence on the investment processes (investments in the real sector of economy) in the regions. The authors analyzed main characteristics of regional banking systems. Aggregate...

On February 11, the Bank of Russia’s key rate was increased by 1 p.p. to 9.5% per annum. This is its highest value since May 2017. The decision was adopted in response to the ongoing inflation acceleration that resulted from an actively expanding aggregate demand, shortage of labor resources,...

The monetary policy priority for the coming years is to maintain the inflation rate at 4%, according to the Draft Guidelines for the Single State Monetary Policy in 2018 and for 2019 and 2020. Monetary authorities will continue to pursue a moderately tight monetary policy, but the objective of...

Some of Russia's big private banks were faced with the risk of banking license revocation in August–September 2017. The financial resolution of Bank Otkritie and of Binbank was implemented using a new mechanism – The Fund for Banking Sector Consolidation