Page 2 - Ivan Tchakarov News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Russia sold $5 billion of U.S. currency from its oil fund in May as part of a drive to reduce exposure to the greenback and vulnerability to Western sanctions.The National Wellbeing Fund converted $4 billion into yuan and $1 billion into euros, the Finance Ministry said in a statement. That leaves $35 billion of dollar holdings still to cut after the ministry said last week that it would eliminate all greenback exposure in the fund. The transfer is taking place within the central

4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options a...

4 Min Read LONDON, April 22 (Reuters) - Russia’s central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two thirds of analysts are sticking to earlier forecasts of a 25 bps rate hike to 4.75%. Here are some key questions being asked by markets: 1/WHAT ROLE WILL GEOPOLITICS PLAY? Russian markets are no strangers to geopolitics, but Washington’s latest sanctions targeting local sovereign debt send a message about what options a...

Russian Rate Hikes Coming as Morgan Stanley Joins Chorus Bloomberg 3/15/2021 Áine Quinn (Bloomberg) -- Pressure is building on Russian central bank Governor Elvira Nabiullina to fire the starting gun on tighter monetary policy. The country’s first rate hike in more than two years likely won’t come at Friday’s meeting. But soaring food prices and a currency weakened by the threat of international sanctions have driven inflation to the fastest pace in four years, putting Nabiullina in line to become one of the first central bankers globally to tighten in the months ahea...