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Bank of Russia raised the key rate by 3.5 percentage points to 12% per annum. The decision was made "in order to limit risks to price stability" Since the beginning of summer, the Russian currency has fallen in price against the American, European and Chinese currencies by more than 20%. One of the main reasons for the observed dynamics was the current situation in foreign trade. Analysts still do not see any risks to financial stability and do not expect a rate hike to the highs of 2022. ....
Rosneft's second yuan-denominated bond issue is attractive to investors, Finam analyst Alexei Kovalev believes. In an article published in the newspaper ....
On Friday, July 22, the Bank of Russia lowered its key rate from 9.5% to 8% per annum, the lowest level since the end of 2021. The Central Bank explained its decision by the ongoing slowdown in inflation in the country. According to the regulator, since the end of May, the annual growth rate of consumer prices has fallen on average in Russia from 17.1% to 15.5%, and by the end of 2022 it may reach 12%. According to the Central Bank, the external conditions for the economy are still difficult, but the decline in business activity turned out to be less than originally expected. According to experts, the reduction of the key rate should revive the lending market and thus further support the economy. ....