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.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil ref...
Foreign ministers of Cambodia and Thailand delivered opening statements on Tuesday at the first meeting of a UN ar...
Every day since a torrent of mud and rocks destroyed a Nepal-China border crossing high up in the Himalayas last m...
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
A Kyiv-Warsaw train was struck near the Polish border, Ukraine's state railway firm said on Sunday. No passengers were injured. Ukrainian Railways said that the country's railways were facing systematic attacks for a second day and warned of widespread delays.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
Swedes vote in an election on Sunday (13 September) that could see the far-right enter government for the first time if the country's right-wing parties can form a majority.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
Syria says it has taken major steps to resolve long-running concerns over its nuclear programme, marking what officials describe as the beginning of a new phase of cooperation with the International Atomic Energy Agency (IAEA).
Georgia has been formally integrated into the European Union's Trans-European Transport Network (TEN-T), bringing Anaklia Deep-Sea Port, Georgian Railway's main line and the East-West Highway into the network's expanded framework.
Türkiye’s foreign minister has renewed calls for the Kurdish-led Syrian Democratic Forces (SDF) to disarm and disband, during talks with Syrian officials in Damascus.
Pakistan is providing targeted relief to millions of people after a sharp rise in global oil prices pushed domestic petrol and diesel prices higher, with disruption around two major Middle East shipping routes adding pressure to the country’s energy supply chain.
The European Union and the Food and Agriculture Organization of the United Nations (FAO) have launched a $5.7 million initiative in Afghanistan to help farmers reach markets, strengthen agribusinesses and withstand climate and economic shocks.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment