Category: value of the ruble

Bank of Russia Cuts Key Interest Rate by 300 Basis Points Following Decline in Inflation

May 26, 2022
Business & Economycentral bank of russiaeconomyEuropeinflationRussian interest ratevalue of the rubleWorld
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The Russian central bank has slashed its key interest rate amidst a decline in inflationary pressure and recovery of the ruble, the bank announced on Thursday. The Bank of Russia’s board of directors has cut the key rate by 300 basis points to 11 percent per year, a May 26 press release said. The rate…

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Ruble Rebounds After Sanctions, Pressure Grows for Stronger Action Against Russia

March 31, 2022
Business & Economyeconomic policieseconomyEuropeExecutive BranchInternationalMarketsPoliticsRuble at historic lowRussia-Ukraine WarRussian Oil Tradesanctions on RussiaUSvalue of the rubleWorld
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Russia’s currency, the ruble, has recovered from much of the devaluation suffered in the aftermath of Western sanctions imposed due to Moscow’s attack on Ukraine. The recovery has put additional pressure on Washington for a stronger response. On Feb. 24, when Russia invaded Ukraine, the ruble was trading against the U.S. dollar at an exchange…

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