Central Bank of Russia terminated licenses from five forex brokers

The Central Bank of Russia revoked licenses from brokers – Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group.

Central Bank of Russia

Decisions on this are posted on the website of the Central Bank of Russia. Continue reading

Central Bank of Russia lost $ 4.5 billion in the forex in 2017.

Experts from finanz.ru resource calculated that the transaction of the Central Bank of Russia in the international currency market in 2017 turned into a blow to the gold and currency reserves of Russia.

Elvira Nabiullina

The Central Bank of the Russian Federation “did not guess” the dynamics of the euro to the dollar and suffered billions of losses on exchange rate differences, it follows from the data of the central bank and finanz calculations. Continue reading

The decision of the Central Bank of Russia – key rate unchanged (7,25%)

On 27 April 2018, the Bank of Russia Board of Directors decided to keep the key rate at 7.25% per annum.

Emblem of the Central Bank of Russia

Annual inflation remains low. The April weakening in the ruble against the backdrop of geopolitical tension will be a factor for consumer price growth paces to quicken as they move closer to 4%. Continue reading

Central Bank of Russia reduced the interest rate to 7.25% – Decision of 23 March 2018

On 23 March 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum.

Central Bank of Russia

Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. The Bank of Russia forecasts annual inflation to be 3-4% in late 2018 and remain close to 4% in 2019. Continue reading

Gold reserves in Russia for February increased by 24.92 tons

In accordance with the materials of the Bank of Russia, the reserves of monetary gold in the international reserves of the Russian Federation in February 2018 increased by 1.34%.

Emblem of the Central Bank of Russia
During this month, 24.92 tons were purchased and sent to the reserve. Continue reading

The Bank of Russia cut the key rate by 25 bp, to 7.50% on 09.02.2018.

Statement of the Bank of Russia

On 9 February 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.50% per annum. Annual inflation remains sustainably low.

Nabiullina Bank of Russia

Inflation expectations are diminishing progressively. Short-term pro-inflationary risks have abated. Continue reading