Annual inflation slowed in most Russian regions (74) in July despite the indexation of utility rates, the Central Bank of ...

Russia's central bank may be able to cut its key interest rate from 18% this year if inflation slows rapidly, but it does not ...

Falling oil and gas prices are exacerbating a budget deficit that is threatening to spiral out of control, as the economy ...

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 18% from 20%.

Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy. Stream NBC 5 for free, 24/7, wherever you are. Russia ...

Russia's inflation rate hovered at about 8% in the year to November, compared with the target rate of about 4%, according to government figures. Gangan told Interfax that full-year inflation was ...

Russia's GDP growth rate remained high in the first and second quarters, "while inflation accelerated," which means that "the economy remains in a state of significant overheating," Nabiullina said.

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MOSCOW – Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the ...