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What Factors Influence the Central Bank's Key Rate?
... Other Central Banks
The actions of the largest central banks in the world, such as the US Federal Reserve and the European Central Bank, can also influence the decisions of the Central Bank. For example, if the Federal Reserve raises interest rates, the Central Bank of Russia may follow suit to support the ruble's exchange rate and prevent capital outflows from the country. Conversely, if the Federal Reserve lowers rates, the Central Bank may take a similar step to support the competitiveness of the domestic economy....
The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects
The Central Bank of Russia has taken a significant step towards strengthening the country's currency market by purchasing the Saint Petersburg Currency Exchange. How will this affect currency transactions, what will the new platform give the Central Bank, and what prospects ...
Central Bank Lowers Rate to 18% — Beginning of Monetary Policy Easing
The Central Bank of Russia has made a significant decision by lowering the key interest rate to 18%. This event marks the beginning of a new cycle of monetary policy easing. Economists and financial market experts anticipate that this measure will stimulate lending growth,...
Updated List of Systemically Important Credit Organizations: What It Means and Its Impact
The Central Bank of Russia has updated the list of systemically important credit institutions, confirming the country's largest banks, such as Sberbank, VTB, Alfa-Bank and others. Why is the SZKO status so important for banks, and what does it give to their clients? In this ...
What is the Central Bank's key rate, in simple terms?
... crisis or recession (for example, after a pandemic), the Central Bank often reduces the key rate to support businesses and the population. This makes loans more accessible and helps to restore the economy faster.
How often does the key rate change?
The Central Bank reviews the key rate regularly, depending on the current economic situation. In Russia, such meetings are usually held several times a year, but in conditions of economic instability, changes can occur more often. At each meeting, experts assess the state of the economy, the level of inflation, employment and other factors to decide whether to raise, lower or maintain the rate.
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