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.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Su...
Syrian President Ahmed al-Sharaa has said his country could provide a “safe corridor” and “alternative route” for regional ...
An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women....
A remarkable discovery at the ancient ruins of Sanxingdui offers a glimpse into what appears to be otherworldly craftsmanship - an axe believed to ...
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality developmen...
An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women.
A remarkable discovery at the ancient ruins of Sanxingdui offers a glimpse into what appears to be otherworldly craftsmanship - an axe believed to have been made using material from a meteorite.
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Kazakhstan plans to boost trade with Afghanistan from $500 million to $3 billion, backed by infrastructure and transit projects designed to strengthen regional connectivity and improve access to global markets.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
U.S. President Donald Trump said on Thursday that there was a "good chance" of a peace deal between Lebanon and Israel happening soon, after he announced a 10-day ceasefire between the two countries.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
Syrian President Ahmed al-Sharaa has said his country could provide a “safe corridor” and “alternative route” for regional energy shipments, as supply disruptions continue to affect the wider Middle East.
An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women.
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Kazakhstan plans to boost trade with Afghanistan from $500 million to $3 billion, backed by infrastructure and transit projects designed to strengthen regional connectivity and improve access to global markets.
A low-profile diplomatic visit to Tbilisi may prove more consequential than it first appears, as representatives of France, Germany and Poland meet figures across Georgia’s political spectrum, signalling that Brussels is watching closely ahead of a key EU foreign ministers’ meeting.
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