{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Russian Central Bank raises key rate to 7.5% amid rising inflationary risks

Previously, the Bank of Russia lifted the key rate almost four years ago

© Artiom Geodakyan/TASS

MOSCOW, September 14. /TASS/. The board of directors of Russia’s Central Bank has raised the key rate from 7.5% to 7.25% amid increasing inflationary risks.

"Changes in external conditions observed since the previous meeting of the board of directors have significantly increased proinflationary risks," the regulator said in a statement. Previously, the Bank of Russia lifted the key rate almost four years ago - in December 2014.

As reported earlier increased volatility of the ruble amid impending US sanctions’ extension has pushed inflation expectations in Russia up to 9.9% in August versus 9.7% in July.

Read also

Ruble strengthens against dollar as Central Bank announces possible key rate hike

"The balance of risks has further shifted towards proinflationary risks. Main risks stem from highly uncertain external conditions and their impact on financial markets," the Central Bank said.

"According to the Bank of Russia forecast that takes into account the decisions taken with regard to the key rate and to the suspension of foreign currency purchases in the domestic market under the fiscal rule, by the end of 2018 the consumer price growth rate will be 3.8-4.2%," the statement said.

The Bank of Russia expects annual inflation to be in the range of 5-5.5% in 2019 and return to 4% in 2020. "This forecast takes into account the decisions taken with regard to the key rate and to the suspension of foreign currency purchases in the domestic market under the fiscal rule," the regulator said.

The ruble’s exchange rate has dropped by 9.3% versus the dollar and by 8.8% versus the euro since the previous Central Bank’s board meeting on July 27 when the regulator left the key rate level unchanged.

In early September, the regulator’s Chief Elvira Nabiullina said that the regulator saw a number of factors in favor of raising the key rate.

The board of directors of the Central Bank will hold its next rate review meeting on October 26, 2018.

"The Bank of Russia will consider the necessity of further increases in the key rate, taking into account inflation and economic dynamics against the forecast, as well as risks posed by external conditions and the reaction of financial markets," the regulator said.

Bitcoin price hits fresh all-time high exceeding $99,000

By 6:23 a.m. Moscow time (3:23 a.m. GMT), the bitcoin slowed down its growth, trading at $98,980 (+4,27%)

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Captives, Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

US, NATO decision on strikes continues policy of escalation — Putin

"Experts are well aware - and the Russian side has repeatedly underscored this - that it is impossible to use these weapons without direct participation of military specialists from the countries that produce these weapons," the president said

China holds US responsible for disrupted defense ministers' meeting in Laos

Wu Qian stated that the United States must immediately correct its mistakes, "honestly respect China’s main interests, and seek to create favorable conditions for high-level contacts between the military of the two countries"

Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

West’s decision on missile strikes gives Russia free hand to attack NATO bases — expert

According to Dmitry Suslov, retaliatory measures may include the handover of more advanced weapons to the forces "that are directly fighting against the US, particularly, in the Middle East"

Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

US strategic forces ready for Biden-Trump transition — Pentagon

"The nuclear forces is ready on January 19, just like it will be ready on January, 20," Rear Admiral Thomas Buchanan said

Final test launch of Russia's new RS-26 Rubezh ballistic missile successful — designer

The RS-26 Rubezh missile based on the previous RS24 Yars is expected to be put on combat dutiy in 2015.

Preliminary data shows anti-ship missile downed over Sevastopol waters — official

Governor Mikhail Razvozhayev said that all emergencies services currently work in the high alert mode

Zelensky admits Ukraine can't fight its way back to 1991 borders

Vladimir Zelensky also talked about the Crimean Peninsula, stating that Kiev is ready to "bring Crimea back diplomatically"

Russian forces successfully advancing in all areas in special military op zone — Putin

The Russian president said that "all the goals we set for ourselves are being achieved"

Trump to continue using Ukraine to contain Russia — Valdai program director

"The US continues to benefit from the Ukrainian crisis, regardless of which administration is in power," Andrey Sushentsov said

US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh also claimed that Washington, while helping Ukraine, is not attempting to turn the conflict into a large-scale regional confrontation that spills beyond the country’s borders

Trump may soon start talks with Russia following Biden’s decision on ATACMS — news agency

According to Andreas Kluth, the decision on ATACMS may have been another attempt by the current Washington administration to provide Ukraine with support until the president-elect comes to power

Media from unfriendly states will be admitted to Putin's annual press conference — Kremlin

The last Direct Line Q&A session and year-end press conference was held on December 14, 2023

Russian army pushes Ukraine out of Kurakhovo water reservoir’s north shore

According to Igor Kimakovsky, the only road the Ukrainian armed forces could use to leave the city is under Russia’s control

Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

The company stated it would seek damages amounting to 230 million euro for failing to receive the contracted volume of gas from the Russian company for delivery to Germany

Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

Top stories from the Russian press on Thursday, November 21st

Ex-UK Labor party leader wants PM to clarify situation with Storm Shadow missiles

Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

Putin sends message to those seeking to 'add fuel to fire' before Trump’s return — expert

The likelihood of a direct armed conflict with NATO is increasing because some individuals in the alliance are ready to raise the stakes ahead of Trump’s inauguration, Andrey Bystritsky emphasized

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

According to Maria Zakharova, the Estonian minister is inciting other NATO members to engage in a venture that is "bound to fail"

ATACMS missiles unlikely to keep Kiev from losing conflict — American expert

Daniel Davis also noted that "continuing to ignore reality" would only increase "the ultimate cost of losing" the conflict for Ukraine

Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

Previously, Elon Musk said on the X social platform, commenting on Zelensky’s supposition that the United States cannot force Ukraine to "sit and listen" at the negotiating table because Ukraine is an independent country, that Zelensky has an "amazing sense of humor"

US forces strike Houthi sites with seaborne missiles — TV

According to Al Arabiya, US warships fired at least four missiles at Houthi-operated facilities in the Al-Matina area around 90 km south of the province’s administrative center

US sanctions against Gazprombank will not affect gas supplies to Hungary — Ministry

The United States introduced sanctions against Gazprombank earlier today

NATO enters conflict, Russia has every right to attack its targets now — expert

Col. (Ret.) Lawrence Wilkerson confirmed to TASS that the launch of ATACMS missiles would be impossible without "US/NATO satellite feeds and/or personnel"

Russia interested in security of Baltic undersea infrastructure — embassy in Denmark

"It is important to ensure a thorough investigation and clarify the reasons why underwater cables in the Baltic Sea are now out of order," embassy said

Defeating Ukrainian forces near Olgovskaya wood, enemy losses: situation in Kursk Region

The Russian Armed Forces have completed the destruction of a Ukrainian battlegroup blocked in the area of the Olgovskaya wood

Russia to hold informal UN Security Council meeting on unilateral restrictions

It will be held on November 25

Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

Speaking in a televised address, the head of state assured that Russia will issue notifications before using this type of missile

Washington has no plans of updating nuclear posture after Russia’s test of new missile

"We haven't seen any adjustments that we've observed in their nuclear posture, and we haven't adjusted our nuclear posture in exchange," Department of Defense Deputy Press Secretary Sabrina Singh said

German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

"A diplomatic search for balance and mutual understanding should be the goal, instead of further escalation," Alice Weidel said

Kremlin condemns report on Storm Shadow missile use against Russian targets as escalation

Dmitry Peskov chose not to respond to a question about whether Russia has proof that UK-made Storm Shadow missiles had been used against it

ICC issues arrest warrants for Netanyahu, Gallant for alleged crimes in Gaza Strip

The Israeli side's objections concerned the court's jurisdiction over the situation in Palestine in general and Israeli citizens in particular, as well as the right of states to conduct investigations independently before referring cases to the ICC

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

No Western sanctions to limit Russia’s foreign trade — minister

All restrictions that Western countries impose affect themselves in the first place, Russian Finance Minister Anton Siluanov added

IAEA once again fails to hold Kiev responsible for threats to Zaporozhye NPP — diplomat

Russian envoy to international organizations in Vienna Mikhail Ulyanov pointed out that from September 23 to November 12, the Russian servicemen suppressed 556 drones near the plant and Energodar

Russia fires ballistic, non-nuclear-tipped missile at Ukrainian aerospace plant — Putin

According to the president, the missile is code-named Oreshnik, which can roughly be translated as hazel bush

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

Earlier, Muneo Suzuki emphasized on his blog that the decision that this decision by Biden on the tail-end of his presidency looked like "a last gasp"

Trump nominates Pam Bondi for US attorney general

Former Florida attorney general is smart and tough, and she "will do a terrific job as Attorney General," US president-elect said

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

The New York Times reported earlier, citing sources, that US President Joe Biden had authorized the use of US-made ATACMS tactical ballistic missiles for strikes inside Russia

Putin warns West that Russia can respond to any turn of events

"There will always be an answer," the president said

US decision on missile strikes aimed at provoking Russia, expert says

According to Andrey Sushentsov, Biden is under pressure from Washington’s allies and "the hawks" in his government who believe that the US is not providing enough support to Kiev

US journalist calls US President Joe Biden’s government 'the fascist state'

Earlier, Tucker Carlson said that Joe Biden's approval of long-range missile strikes by the Ukrainian army deep inside Russia could threaten US people

Russia to use revenues from frozen assets of Western investors — Finance Minister

Tit-for-tat measures will be implemented after receiving information about unfriendly actions of Western countries, Anton Siluanov noted

Russian State Duma passes law on federal budget for 2025-2027

According to the document, federal budget revenues are forecast to be 40.296 trillion rubles ($404.8 bln) in 2025, 41.84 trillion rubles ($420.3 bln) in 2026, and 43.154 trillion rubles ($433.5 bln) in 2027

Russian air defense deflects attacks with Western missiles — Putin

"As a result, the goals that the enemy apparently set have not been achieved," the Russian leader said

US-led coalition aircraft violate Syrian airspace 14 times in past day

A total of 2,319 people entered the Syrian territory via the border with Lebanon in the past 24 hours, the center’s deputy head, Capt. 1st Rank Oleg Ignasyuk, said

US vote at UNSC rejected chance of stopping 'horrific bloodshed' in Gaza, Russian MFA says

"Once again, a chance to free the hostages, who include Russian nationals, has been missed," the statement reads

Russian troops raise flag in central Kurakhovo in Donetsk region — politician

Russian army units have advanced much farther into the city’s northern part, in particular, along the southern bank of the Kurakhovo reservoir, Vladimir Rogov specified

Press review: Uranium costs soar as Moscow updates nuclear doctrine and US OKs attacks

Top stories from the Russian press on Wednesday, November 20th

Russian troops advance in areas north, south of Velikaya Novoselka in DPR — official

Earlier, Vladimir Rogov stated that a successful offensive by the Russian Armed Forces north of Velikaya Novoselka could allow them to encircle the settlement

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

It is reported that the conflict in Ukraine, provoked by the West, has acquired elements of global nature

Russian stock market indices in the red on Thursday — market data

The mood in international markets was mainly neutral

IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

According to Lisnyak, local residents report that Ukrainian military personnel are stealing furniture, transformers, construction materials and humanitarian aid remaining in the settlements, and then selling it to private business owners

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Ukrainian special services assemble unit for sabotage attacks in Kupyansk — official

According to Yevgeny Lisnyak, the special services threaten people with criminal charges of collaborationism if they refuse to join the unit

Bank of Russia’s officials hit by US sanctions

The head of the financial monitoring and currency control service of the Russian Central Bank was also added to black lists

Putin’s remarks on hypersonic missiles send serious warning to West — Turkish politician

According to the Russian president, it can install a nuclear warhead on this missile, if necessary, Deputy Chairman of Turkey’s Patriotic Party Hakan Topkurulu said

China slams US nuclear policy for undermining global stability

The United States continues to modernize its nuclear triad, Lin Jian noted

US warships fire more missiles at Houthi sites in Yemen — source

"The new strike targeted districts of Al-Tuhayta, Al-Ghuwarraq and Al-Jabana in the north of the province," the source said

Russian troops liberate Dalneye community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 380 casualties on Ukrainian troops and destroyed a British-made howitzer and four US-made artillery guns in its area of responsibility over the past day

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

Progress MS-29 will deliver 2,487 metric tons of cargo to the orbital outpost, including fuel, drinking water, compressed nitrogen, various equipment, food and clothing

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

Russia hit Ukrainian military-industrial facility in response to use of Western missiles

It is reported that the Russian Armed Forces carried out a combined strike at a Ukrainian military-industrial complex on November 21

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

The journalist also criticized US House of Representatives Speaker Mike Johnson (a Republican representing the state of Louisiana) for "not even mentioning it in public or in leadership meetings" with factions in the lower house of Congress

US is now at war with Russia, Ritter says

According to former US intelligence officer Scott Ritter, the United States "is a direct party to the invasion and occupation of Russian soil," because it helped Kiev plan its incursion into the Kursk Region

US makes mistake by destroying INF Treaty — Putin

The Russian leader stressed that the United States made a mistake by unilaterally destroying the Intermediate-Range Nuclear Forces Treaty in 2019 under a far-fetched pretext

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Russian ambassador says UK prime minister doesn’t understand situation in Ukraine

Turning to the Labour Party’s domestic policies, Andrey Kelin said Starmer’s plans to spur the economy were "not met with applause by the population

White House not yet ready to speak on causes of Baltic undersea cable ruptures

Two underwater cables were damaged in the Baltic Sea on November 17 and 18

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

According to th statement, London is promoting new rounds of escalation

Kiev suffering fiasco on entire front line — aide to DPR head

Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

Russia got the support of 129 countries in a November 20 vote in New York at the 40th plenary session of the UN General Assembly

Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

"No, there have been no notifications, for Russia has no such obligation with regard to intermediate-range missiles," Dmitry Peskov emphasized

Ukraine was warned about possible missile strike — Pentagon

Department of Defense Deputy Press Secretary Sabrina Singh gave no answer to the question of how could Ukraine prepare for this kind of attack

US, West have no capabilities to intercept new Russian hypersonic missile — expert

"There is more in the Russian arsenal than many believe," said Karin Kneissl, the former Foreign Minister of Austria

Time of Maduro’s visit to Russia being coordinated via diplomatic channels — embassy

Earlier this month, Russian Deputy Prime Minister Dmitry Chernyshenko handed over the Russian president’s invitation to Maduro during his visit to Venezuela

Russian forces push Ukrainian troops 10 km away from Lisichansk in LPR — expert

Russian troops have taken new lines and positions northwest of Zolotaryoka as a result of successful operations

Humanitarian crisis in Kiev-controlled Kupyansk district of Kharkov Region near critical

According to Yevgeny Lisnyak, the Ukrainian authorities supply water for a short time, once every three days

Russia to address NATO’s engagement in strikes deep inside country — SVR

Sergey Naryshkin observed that the military and political elites in the West are increasingly recognizing the gravity of Russia's intentions and the need for greater caution in their actions

US Congressman urges to impeach Biden for allowing strikes deep into Russia

"By authorizing long range missiles to strike inside Russia, Biden is committing an unconstitutional Act of War that endangers the lives of all US citizens," Thomas Massie said

US provides temporary carveout for Sakhalin-2 related transactions with Gazprombank

The United States introduced sanctions against Gazprombank earlier today

Trump seeks to restore peace in entire world — transition team on Putin’s address

Trump’s inauguration will take place on January 20, 2025

NATO supports Ukraine not out of charity but for its own strategic interests — deputy head

Boris Ruge argued that NATO now has hundreds of thousands of troops that could be deployed to the alliance's eastern flank or elsewhere within ten days

Residents of Kupyansk, Kovsharovka in Kharkov Region returning to their homes

People are refusing to go to safer places because of Ukraine's unwillingness to provide basic sanitation for refugees

Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

Russian air defenses repulsed all attacks, the Russian president said

EU considers ICC warrants against Netanyahu, Gallant as binding — foreign policy chief

According to Josep Borrell, the situation in the Gaza Strip "is apocalyptic," and "there are no more words" to describe it

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

Russia ready to assist Serbia in building oil pipeline via Hungary — Transneft

"This will make it possible for them to be more independent in oil supplies and significantly increase volumes of oil delivered to the territory of Serbia for internal consumption," Vice President Vladimir Kalanda said

Pentagon sees possibility of sending more antipersonnel landmines to Ukraine

Department of Defense Deputy Press Secretary Sabrina Singh gave no direct answer to the question of how Washington was planning to control Kiev’s use of US landmines

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Russian envoy calls for thorough IAEA checks of Ukraine amid declared nuclear ambitions

Vladimir Zelensky has made "a series of reckless statements about the possibility of developing nuclear weapons" lately, Mikhail Ulyanov said

Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"