Bank of Russia Governor Elvira Nabiullina stated that the central bank will consider cutting interest rates at its next meeting if the current economic trends continue.
However, she emphasised that such a move is not guaranteed and will be made cautiously based on data.
Nabiullina also reiterated the bank’s opposition to the use of cryptocurrencies for domestic payments. She described cryptocurrencies as volatile and risky assets, noting that while their use in foreign economic activities—particularly as investment instruments—is permitted, the Bank of Russia does not intend to invest in cryptocurrencies itself.
It is worth noting that on 6 June, the Bank of Russia cut its policy rate from 21% to 20%, marking the first reduction since September 2022.
At least three people have reportedly died in Jamaica during preparations for Hurricane Melissa. The storm’s centre is forecast to pass near or over...
A body was recovered in Gaza’s southern city of Khan Younis on Tuesday (October 28) during ongoing efforts to locate hostages taken by Hamas during ...
U.S. President Donald Trump arrived in South Korea on Wednesday (October 29) for the final stop of his Asia tour, with crucial meetings planned with C...
Talks aimed at securing a long-term truce between Afghanistan and Pakistan ended in Istanbul without a resolution, Pakistan’s information minister c...
Pope Leo joined hundreds of faith leaders at Rome’s Colosseum on Tuesday (October 28) for a multi-faith prayer for peace, urging the world to reject...
At least three people have reportedly died in Jamaica during preparations for Hurricane Melissa. The storm’s centre is forecast to pass near or over the island early Tuesday, bringing life-threatening winds and heavy rain.
A body was recovered in Gaza’s southern city of Khan Younis on Tuesday (October 28) during ongoing efforts to locate hostages taken by Hamas during its October 2023 assault on southern Israel.
U.S. President Donald Trump arrived in South Korea on Wednesday (October 29) for the final stop of his Asia tour, with crucial meetings planned with Chinese President Xi Jinping and South Korean President Lee Jae Myung expected to dominate the diplomatic agenda.
Talks aimed at securing a long-term truce between Afghanistan and Pakistan ended in Istanbul without a resolution, Pakistan’s information minister confirmed on Wednesday (October 29), dealing a setback to regional peace efforts following deadly border clashes earlier this month.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Hamas on Tuesday (October 28) denied responsibility for an attack on Israeli forces in the southern Gaza city of Rafah, which triggered renewed Israeli strikes across the enclave.
Türkiye has officially delivered its first domestically produced Altay tanks to the armed forces, President Recep Tayyip Erdoğan announced on Tuesday at the opening ceremony of BMC’s Ankara Tank and New Generation Armoured Vehicles Production Facility.
Kazakhstan's Minister of Foreign Affairs Yermek Kosherbayev met with his Chinese counterpart Foreign Minister Wang Yi in Beijing where the duo held all important bilateral talks.
The Interior Ministers of the Economic Cooperation Organization (ECO) met in Tehran on Tuesday to promote cooperation in cybersecurity and fight against smuggling and cross-border trafficking.
Serbian President Aleksandar Vučić will pay an official visit to Uzbekistan from 28 to 31 October at the invitation of President Shavkat Mirziyoyev.
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