Central Bank of Russia

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Central Bank of Russia

The central bank of Russia. The Russian constitution charges the Central Bank with maintaining the stability of the Russian ruble. It sets interest rates for interbank loans in Russia and also regulates the banking industry. It was established in 1990, but traces its origins to the central bank of the Russian Empire in the mid-1800s.
References in periodicals archive ?
Economic growth in the first half of 2019 is lower than the Bank of Russia's expectations.
Moscow: The National Financial Board held a meeting to review the Monetary Policy Guidelines for 2019-2021, as well as information from the Bank of Russia's Board of Directors on key issues of the Bank of Russia's operation in the third quarter of 2018.
The Bank of Russia's assessment of the risks associated with the volatility of food and oil prices, wage dynamics, and possible changes in consumer behavior, has not changed significantly.
The increase in the key rate will help prevent firm inflation anchoring at the level significantly exceeding the Bank of Russia's target.
KFN / I-2018 "On Amending the Regulations on the Bank of Russia's Financial Supervision Committee" (effective 10 days after the day of its official publication, officially published on the Bank of Russia website on June 18, 2018).
The programme is aimed at increasing the Bank of Russia's ability to maintain the stability of the banking system.
The due diligence check of credit risk at the Bank of Russia's request established a substantial loss of capital and entailed the need for action to prevent the credit institution's insolvency (bankruptcy), which created a real threat to its creditors' interests.
It is published in line with the Bank of Russia's ongoing efforts to roll out a data management system at the Bank of Russia; furthermore, its publication will improve Bank of Russia interaction with reporting organisations.
The Bank of Russia's approaches to its monetary policy will remain unchanged in the context of the implementation of the 'fiscal rule'.
Moving forward, the Bank of Russia's key rate decisions will be based on its assessment of the balance of risks of inflation's material and sustainable deviation in either direction from the target, as well as the dynamics of economic activity against the forecast.
Moscow: The National Financial Board (NFB) meeting reviewed the Monetary Policy Guidelines for 2018-2020, as well as information from the Bank of Russia's Board of Directors on key issues of the Bank of Russia's operation in the third quarter of 2017.
The transition to the international business reporting standard XBRL is one of the Bank of Russia's high-level projects.
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