The Bank of Russia Board of Directors will consider a cut to key interest rates during one of its next three meetings, Elvira Nabiullina, Governor of Russia's top financial regulator, has told media representatives. On October 30, 2015, the Bank of Russia kept the key interest rates unchanged at 11.0% per annum, referring once again to…
Read moreAfter a rate-setting meeting today, the Bank of Russia Board of Directors has decided to keep the key interest rate unchanged at 11.0% per annum, referring once again to substantial inflation risks. In its announcement, the Russian “Megaregulator” said the balance between inflation risks and the risks of economy cooling has broadly remained the same…
Read moreBank of Russia, the financial “Megaregulator” that is responsible for the Forex industry in the country too, has had an Instruction regarding the business activities of Forex brokers published in its official newspaper today. The Instruction includes 11 standards, or standard requirements, which Forex brokers willing to be and stay regulated in Russia should meet.…
Read moreStarting today, the Bank of Russia will publish currency exchange rates provided from Thomson Reuters on a daily basis.
Read moreThe Bank of Russia explained the decision with “higher inflation risks amid persistent risks of considerable economy cooling”.
Read moreThe Central Bank of Russia has decided to reduce key interest rates from 11.50% to 11% per annum, with the new rates coming into effect on August 3, 2015.
Read moreThe plaintiff, Mr. V. A. Simonov's court claim argues that the Central Bank's inaction toward the falling value of the ruble "subsequently led the government into a crisis," Russian news agency RIA Novost reported.
Read moreThe regulator blamed its decision on risks of Russia's economy cooling and on weakening inflation risks.
Read moreThere will be no upper limit on compensation that clients of an insolvent Forex broker in Russia may get, according to a normative act drafted by the Bank of Russia.
Read moreThe Bank of Russia has just published a draft normative act that details the requirements for foreign Forex companies willing to set up representative offices and market their services in Russia.
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