The decision reflects a decrease in inflation and mounting political pressure to ease borrowing costs amid Russia's economic ...

Russian central bank governor Elvira Nabiullina is under pressure to lower rates though inflation remains twice the target ...

Russia's economic growth rate fell to 1.5 per cent year-on-year in the first four months of 2025, compared to 4.3 per cent ...

Sales of trucks and buses have tanked since the beginning of the year as the production of civilian goods also decreases.

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming ...

Stringent monetary conditions need to be supported for further disinflation, Central Bank chief Elvira Nabiullina said ...

The Central Bank needed to make sure that inflation is steadily declining to the target of 4% to make the decision, Elvira Nabiullina stressed ...

The key rate cut today does not mean any significant softening of monetary conditions, Central Bank chief Elvira Nabiullina added ...

According to Elvira Nabiullina, the decision was made based on the bank's own analysis of the current situation, on the basis of the in-house forecasts and the internal risk assessment ...

According to Elvira Nabiullina, decision will depend on how the situation will evolve and on the data received by the time of the next meeting on the rate ...