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.
Russia launched an overnight drone assault on Kyiv, injuring at least 14 people and causing fires and damage across the capital, Ukrainian officials s...
U.S. President Donald Trump said that his phone call earlier in the day with Russian President Vladimir Putin yielded no progress in ending the war in...
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to ...
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing r...
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Pa...
Russia launched an overnight drone assault on Kyiv, injuring at least 14 people and causing fires and damage across the capital, Ukrainian officials said early Friday. Twelve of the injured were taken to hospital, according to Mayor Vitali Klitschko.
U.S. President Donald Trump said that his phone call earlier in the day with Russian President Vladimir Putin yielded no progress in ending the war in Ukraine.
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to a report by NBC News citing local officials.
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing role and engagement within the organisation.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Azerbaijan is an active member of the Economic Cooperation Organisation (ECO), and hosting the 17th ECO Summit in the country highlights its growing role and engagement within the organisation.
The 'Victory' show featuring Karabakh horses at the 'Imaret' Historical and Architectural Museum Complex in Aghdam was watched by President of Azerbaijan Ilham Aliyev.
Russian President Vladimir Putin reiterated Moscow’s readiness to continue peace negotiations with Ukraine during a telephone conversation with U.S. President Donald Trump on Thursday, Kremlin aide Yury Ushakov confirmed.
China has stated that trade agreements between the US and other countries should not be designed to target or negatively impact third nations. The comment follows a new trade deal announced between the United States and Vietnam earlier this week.
Tech company Xiaomi says it will consider selling its electric vehicles (EV) outside China starting in 2027, CEO Lei Jun said, citing strong local demand for its SU7 sedan and newly launched YU7 SUV.
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