The Central Bank lowered the exchange rates again

Federal news agency The Central Bank of Russia has updated the official foreign exchange rates for Saturday, October 1. Thus, the US dollar lost more than two rubles, reaching the level of 55 rubles 29 kopecks. The euro, in turn, showed similar dynamics, but collapsed even more – to 52.73 rubles. Recall that earlier the … Read more

The Bank of Russia lowered the key rate to 7.5%

The Central Bank of the Russian Federation lowered the key rate to 7.5% – the difference with the previous indicator was 0.5 points. The relevant information on Friday, September 16, was distributed by the press service of the regulator. The main factor slowing down annual inflation, according to the Central Bank, was the low growth … Read more

The Bank of Russia lowered the official dollar and euro rates for August 20-22

According to the decision of the department, the exchange rate of the American currency was reduced by 82 kopecks relative to the previous value and set at the level of 59.13 rubles. The euro fell by 1.5 rubles compared to Friday, bringing its official rate to 59.39 rubles. .

The Central Bank of China lowered the yuan against the dollar to the level of 2020

Against the backdrop of coronavirus outbreaks in several regions of the country, the Central Bank of China lowered the yuan against the dollar. It amounted to approximately 6.8 yuan, the lowest figure since 2020. This was announced by the Central Bank. Since the end of April, the bank began to depreciate the national currency against … Read more

Turkey’s central bank lowers key rate to 13%

Due to the slowdown in economic activity, the Central Bank of Turkey (CBRT) lowered its key rate by 100 basis points to 13%. The rate has been at 14% since December 2021. The Turkish lira fell against the dollar on the back of the regulator’s decision. “The leading indicators for the third quarter point to … Read more

FCS reduced transfers to the state budget by 34.3% in July

Revenues to the Russian budget from the Federal Customs Service (FCS) in July decreased by 34.3% compared to July last year and amounted to 384.4 billion rubles. This was reported by TASS with reference to the department. In January-July, the FCS increased transfers to the state budget by 9.2% compared to the same period in … Read more

Closeness has become more open // The joint venture has updated the transparency rating of departments

The Accounts Chamber, with the participation of experts, assessed the openness of the federal authorities of the Russian Federation – out of 70 ministries, services and agencies, 15 fell into the high category of openness, 6 – into the low category, 49 departments were in the “middle” rating. The closure of part of the official … Read more

Longer, softer, more boring // The Central Bank reduced the cost of credit and extended the forecast for the duration of the recession

The key rate has been reduced again, and unexpectedly much: the Board of Directors of the Bank of Russia decided to set it at 8% per annum. In the revised forecast for 2022-2024, the Central Bank assumes that the continuation of the recession in 2023 is inevitable, the recession will be less deep and longer … Read more