27-July-2025
Economy News
 
Russia's Nabiullina on Rates, the Economy and the Banking Sector
26-Jul-2025

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 18% from 20%. They spoke in Russian and the quotes below were translated into English by Reuters. NABIULLINA ON KEY RATE DECISION: "During the discussion, options for reducing the rate were considered, the option of maintaining the rate was not considered. Options for reducing the rate by 100, 150 and 200 (basis points) were considered, but the options of 100 and 200 (basis points) were discussed in detail."

News Source:- https://money.usnews.com/investing/news/articles/2025-07-25/russias-central-bank-governor-on-rates-inflation-and-the-economy
 
 
 

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