9 Apr, 14:57

Central Bank speaks about key rate lowering opportunity, inflation and digital ruble

The Russian economy will continue growing this year but "at a more modest pace," Elvira Nabiullina said

MOSCOW, April 9. /TASS/. The Bank of Russia will act prudently as regards key rate lowering and there is a need to make sure that the current deceleration of price growth rates is sustainable, Central Bank chief Elvira Nabiullina said when speaking in the State Duma, the lower house of the Russian legislative assembly.

TASS collected key statements of the Governor of the Bank of Russia.

Economy and sanctions

The Russian economy will continue growing this year but "at a more modest pace."

Cross-border payments were not halted even amid numerous sanctions. "This would not be possible without a healthy and smoothly running financial system and flexible regulation," Nabiullina said.

Tectonic changes are taking place in global trade. "This is a new significant risk that we must address," she noted.

Macroeconomic stability is the absolute value that should be preserved.

Key rate and inflation

The Central Bank will be cautious in respect of key rate lowering.

Russia is now "in the most difficult part" of the path for inflation lowering.

Russian assets

About a half of frozen assets of Russian individuals and companies was released by the start of 2025/ Everything is being done to unblock foreign assets of Russian investors.

Lending

The Bank of Russia supports tougher requirements to micro-financial institutions in order to break the chain leading people to the "debt spiral."

Housing sales

Sales of housing in Russia "remain at an acceptable level" enabling developers to launch new projects.

Digital ruble

The Central Bank plans to cover up to several dozen of thousands of people by digital ruble testing towards the end of this year.

Large-scale glitch hits Ukraine’s banking system — media

Users across Ukraine are complaining that they cannot pay with bank cards in stores, on transport and in the taxi service

Yesterday, 15:03

Kiev says received no US warnings of withdrawal from peace process

Earlier, US Secretary of State Marco Rubio told reporters in Paris that US President Donald Trump may abandon efforts to resolve the conflict in Ukraine if no progress is made soon

Yesterday, 14:17

Situation is far from scenario with significant decline of global economic growth

Governor of the Bank of Russia Elvira Nabiullina noted that the deterioration of trade and economic relations between the US and China was included into the risk-based scenario

Yesterday, 23:27

Russia delivers batch of wheat to Syria first time under new power — source

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Yesterday, 16:43

Flight from US that arrived in Moscow on Friday morning leaves Russian airspace

Earlier, Russian President Vladimir Putin received US Special Presidential Envoy Steve Witkoff at the Kremlin

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Friday’s blast outside Moscow once again shows Kiev’s true colors — Kremlin spokesman

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Yesterday, 14:00

Europe, Ukraine push back against some US peace settlement terms — Reuters

According to the agency, primary disagreements between the US’ suggestions on the one hand and Europe and Ukraine’s proposals on the other, "are over the sequencing for resolving questions over territory, the lifting of sanctions on Russia, security guarantees and the size of Ukraine's military"

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Yesterday, 17:27

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Yesterday, 15:04

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Yesterday, 18:44

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Yesterday, 14:18

Direct impact of US tariffs on Russia is minimal — Central Bank chief

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Yesterday, 16:54

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"We are busy with this exact process," the minister said

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Russia makes $5 mln contribution to UN WFP to supply food to Syria — UN envoy

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Yesterday, 18:35

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Yesterday, 16:30

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Yesterday, 15:05

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Yesterday, 15:20

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TASS has collected key statements of the Central Bank chief

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Yesterday, 10:07

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Yesterday, 17:28

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Yesterday, 18:24

Reopening of Nord Stream pipeline depends on Germany’s political will — Russian ambassador

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Yesterday, 16:12

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Yesterday, 18:26

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Yesterday, 12:34

Opposition in Georgia to use resignation of ruling party’s leader — expert

"Given the intense confrontation among political forces in Georgia, tensions are likely to escalate," Andrey Bystritsky noted

Two days ago, 07:00

Russia reserves right to use nuclear arms in event of Western aggression — Shoigu

According to the official, Russia is "carefully monitoring Europe’s military preparations"

Yesterday, 14:55

US puts no deadline on Ukraine negotiations — Trump

The US president said he wants "to do it as fast as possible"

Yesterday, 10:57

FACTBOX: Senior Russian military officer killed in explosion near Moscow

The person is Yaroslav Moskalik, deputy chief of the Main Operations Directorate of the General Staff of the Russian Armed Forces, the Russian Investigative Committee said

Yesterday, 14:40

Bank of Russia lowers dollar rate for April 26-28 to 82.65 rubles

The regulator lowered the official euro exchange rate by 35 kopecks, to 94.3593 rubles

Ukrainian troops fleeing positions near Bogatyr in Donetsk region — defense source

Battles have begun at approaches to that community, the defense source added

Yesterday, 06:44

Kiev may resort to terror attacks with use of biopathogens — Shoigu

According to the official, "the Ukrainian special services are actively seeking those supporting pro-Ukrainian nationalist and neo-Nazi groups"

Two days ago, 08:13

French general predicts Russia will be through with special military op by Christmas

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Two days ago, 19:09

Kiev lost much territory, would struggle to get it back — Trump

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Yesterday, 04:42

Global economy is at critical point — Russian finance minister

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Yesterday, 18:16

Share of foreign investment in Russian OFZ bonds up to 4% in March 2025

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Military expert Andrey Marochko told TASS that there is 'major combat clashes are underway'

Yesterday, 22:31

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Yesterday, 13:54

Trump points to progress in talks with Russia, Ukraine amid 'fragile' situation

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Yesterday, 10:00

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Top stories from the Russian press on Friday, April 25th

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Yesterday, 15:02

Putin-Witkoff meeting ends after lasting three hours

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Yesterday, 20:51

Russian defense chief inspects Battlegroup Kursk — Defense Ministry

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Yesterday, 14:01

Ukrainian Security Service seizes Asian-flagged cargo ship, arrests crew

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Yesterday, 16:28

Russian foreign intelligence chief says that Moldovan leader is indeed 'playing with fire'

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US again blocked restart of WTO Appellate Body’s work

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Yesterday, 19:42

Trumps says work on peace deal between Russia, Ukraine proceeding smoothly

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Yesterday, 18:42

Russia’s Rublev through to Round 3 of 2025 Madrid Open after French Monfils withdraws

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