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.
Russian Foreign Minister Sergei Lavrov and his Chinese counterpart Wang Yi agreed in Beijing on Sunday to tighten coordination in forums from the Unit...
Three new sites in Africa have been added to the UNESCO World Heritage List....
Sotheby’s in New York is set to auction the largest known piece of Mars ever found on Earth—a 54-pound (24.67 kg) meteorite named NWA 16788....
Australian Prime Minister Anthony Albanese began his visit to China on Saturday by arriving in Shanghai with a large business delegation, highlighting...
A fire at a high-rise apartment building in Türkiye’s capital, Ankara, has killed three people — including a three-and-a-half-month-old baby — ...
Russian Foreign Minister Sergei Lavrov and his Chinese counterpart Wang Yi agreed in Beijing on Sunday to tighten coordination in forums from the United Nations to the G20, while reviewing prospects for ending the war in Ukraine and managing strained ties with the United States.
Three new sites in Africa have been added to the UNESCO World Heritage List.
Sotheby’s in New York is set to auction the largest known piece of Mars ever found on Earth—a 54-pound (24.67 kg) meteorite named NWA 16788.
Australian Prime Minister Anthony Albanese began his visit to China on Saturday by arriving in Shanghai with a large business delegation, highlighting the importance of economic relations between the two countries.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
The U.S. Federal Aviation Administration (FAA) and Boeing have told airlines that the fuel switch locks on Boeing aircraft are safe, despite new scrutiny following a deadly crash in India.
Syria's General Authority for Land and Sea Ports has signed an $800 million agreement with UAE's DP World to strengthen port infrastructure and logistical services, according to state news agency SANA.
Turkmenistan’s state oil concern “Türkmennebit” surpassed its oil production plan by 7.1% in the first quarter of 2025, achieving a fulfilment rate of 107.1%.
On July 11–12, Azerbaijan’s Deputy Foreign Minister Elnur Mammadov took part in the “Dubrovnik Forum” held in Dubrovnik, Croatia, under the theme “Channelling the Change.”
Georgia and China have expressed interest in expanding cooperation in the fields of education, tourism, and cultural exchange, during a high-level meeting on the sidelines of a forum in Croatia.
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