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.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that...
Chinese President Xi Jinping and U.S. President Donald Trump are holding high-level talks in Beijing on Thursday, following a ceremonial welcome, w...
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral t...
At least 12 people, including two children, were killed in Kyiv after Russia launched massive overnight drone a...
President Recep Tayyip Erdoğan’s visit to Kazakhstan comes amid rising geopolitical uncertainty across Eura...
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral ties across energy, trade, transport, defence, and technology following high-level talks in Astana.
President Recep Tayyip Erdoğan’s visit to Kazakhstan comes amid rising geopolitical uncertainty across Eurasia, as conflicts in Ukraine and tensions in the Middle East reshape trade routes, security priorities, and regional cooperation.
Baku is preparing to host the World Urban Forum this weekend, with more than 32,000 participants from 180 countries expected to arrive in the Azerbaijani capital for the six-day event.
British Prime Minister Keir Starmer was fighting for his political survival on Thursday (14 May) after Health Secretary Wes Streeting resigned, saying he had “lost confidence” in Starmer’s leadership.
The 79th edition of the Cannes Film Festival has officially opened on the French Riviera, once again transforming Cannes into the global centre of cinema, fashion, and entertainment.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
The Iranian President Masoud Pezeshkian has instructed his first deputy to fulfill the public’s expectations regarding the access to the Internet services and platforms amid a wartime shut-down of international connection since late February.
Just one week after a similar move by Australia, Greece announced that it will ban access to social media for children under the age of 15 from January 1, 2027, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he left for a high-stakes summit in Beijing on Tuesday, as hopes for a lasting peace deal dwindled and Tehran tightened its grip over the Strait of Hormuz.
President Recep Tayyip Erdoğan’s visit to Kazakhstan comes amid rising geopolitical uncertainty across Eurasia, as conflicts in Ukraine and tensions in the Middle East reshape trade routes, security priorities, and regional cooperation.
Baku is preparing to host the World Urban Forum this weekend, with more than 32,000 participants from 180 countries expected to arrive in the Azerbaijani capital for the six-day event.
Azerbaijan’s chairing of the inaugural Global South NGO Platform (GSNP) assembly in Baku highlights the country’s commitment to regional cooperation, the international civil society network’s Secretary-General has said.
Türkiye and Armenia’s decision to allow direct trade marks one of the clearest signs yet of a gradual shift in relations between the long-time rivals, although analysts say the immediate economic impact is likely to remain modest.
Türkiye has issued 20,000 work visas to Afghan citizens for jobs in the livestock sector, the Turkish Embassy’s chargé d’affaires in Kabul said during talks with Afghanistan’s refugee minister on Wednesday.
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