Extensive information about the Central Bank of the Russian Federation - including the latest speeches and publications.
More Information The Central Bank of The Russian Federation's functions are described in the Russian constitution and in the special Federal law.
According to the constitution, the Bank of Russia is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble. It also holds exclusive right to issue ruble banknotes and coins. Under Russian law, half of the Central Bank's profit has to be channeled into the federal budget.
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Russian central bank calls emergency meeting after ruble plunge; Britain intercepts Russian bombersRussia is equipping its new nuclear submarines with hypersonic Zircon missiles, the head of the country's largest shipbuilder said in an interview Monday.
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Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plungeRussia's central bank on Tuesday hiked interest rates by 350 points to 12% at an emergency meeting, as Moscow looks to halt a rapid depreciation of the ruble currency.
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Russian Central Bank hikes interest rate to 12 percent after ruble’s declineThe bank’s emergency action followed a sharp decline in the value of the national currency and criticism by some in the Kremlin of soft monetary policy.
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Russia’s central bank makes huge interest rate hike to try to prop up falling rubleRussia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.
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Russia's inflation spike sets Kremlin and central bank on collision courseRussia’s rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country’s central bank.
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