russia Archive

  • Russia CB Likely To Cut Rates Further On Lower Inflation Expectations Russia's central bank is likely to cut interest rates in the near future amid lower inflation expectations as the economy is facing the large amount of spare capacity, William Jackson, an economist at Capital Economics, said. The Board of Directors decided to cut the key rate by 50 basis points to 8.50 percent, the Bank of Russia said in a statement on September 15. This followed a temporary pause in the easing cycle in July, after 100 basis points of rate cuts in the first half of the year. Bank of Russia Governor Elvira Nabiullina, however, struck a predictably cautious tone at post-meeting press conference, the economist observed. The recent rate cut was clearly motivated by August's CPI data, with the annual inflation falling to a post-communist low of 3.3 percent, well below the central bank's 4.0 percent target. The cautious tone of the accompanying statement stressed that the risks o..

    Russia CB Likely To Cut Rates Further On Lower Inflation Expectations

    Russia CB Likely To Cut Rates Further On Lower Inflation Expectations Russia's central bank is likely to cut interest rates in the near future amid lower inflation expectations as the economy is facing the large amount of spare capacity, William Jackson, an economist at Capital Economics, said. The Board of Directors decided to cut the key rate by 50 basis points to 8.50 percent, the Bank of Russia said in a statement on September 15. This followed a temporary pause in the easing cycle in July, after 100 basis points of rate cuts in the first half of the year. Bank of Russia Governor Elvira Nabiullina, however, struck a predictably cautious tone at post-meeting press conference, the economist observed. The recent rate cut was clearly motivated by August's CPI data, with the annual inflation falling to a post-communist low of 3.3 percent, well below the central bank's 4.0 percent target. The cautious tone of the accompanying statement stressed that the risks o..
    Read More
  • England's Lionesses delivered a public endorsement to under-pressure manager Mark Sampson in a 6-0 win over Russia at Prenton Park. Goals from Nikita Parris, local favourite Jodie Taylor, Jordan Nobbs, Lucy Bronze and Toni Duggan, who struck twice, meant that for 90 minutes at least, Sampson could savour every moment of his job.And there would have been no point sweeter for the 34-year-old Welshman than when the entire starting XI made a beeline for the bench to celebrate alongside him the 11th-minute opener from Parris.This opening World Cup qualifying match for England, their first step on the road to France 2019, was played against the backdrop of Sampson facing allegations of racism, harassment and bullying.He has been twice cleared, by an internal Football Association review and then an independent investigation, and firmly denies all wrongdoing. But the issue is lingering and might do for some months to come as pressure mounts on the FA to launch a new investigation.Fla..

    Sampson’s girls make their mark with big World Cup qualifying win over Russia

    England's Lionesses delivered a public endorsement to under-pressure manager Mark Sampson in a 6-0 win over Russia at Prenton Park. Goals from Nikita Parris, local favourite Jodie Taylor, Jordan Nobbs, Lucy Bronze and Toni Duggan, who struck twice, meant that for 90 minutes at least, Sampson could savour every moment of his job.And there would have been no point sweeter for the 34-year-old Welshman than when the entire starting XI made a beeline for the bench to celebrate alongside him the 11th-minute opener from Parris.This opening World Cup qualifying match for England, their first step on the road to France 2019, was played against the backdrop of Sampson facing allegations of racism, harassment and bullying.He has been twice cleared, by an internal Football Association review and then an independent investigation, and firmly denies all wrongdoing. But the issue is lingering and might do for some months to come as pressure mounts on the FA to launch a new investigation.Fla..
    Read More
  • Russia Cuts Rate On Risk Of Inflation Overshoot, Signals More Ahead Russia central bank cut its key interest rate on Friday by half a percentage point, citing the risk of inflation overshooting the 4 percent target over the medium term, and signaled that further reductions are possible over the next two quarters. The Board of Directors decided to cut the key rate by 50 basis points to 8.50 percent, the Bank of Russia said in a statement. The reduction was in line with economists' expectations. Previously, the bank had slashed the rate by 25 basis points each in June and March, and by 50 basis points in April. Policymakers noted that inflation is close to 4 percent, while the economy keeps growing. While inflation expectations have resumed their decline, they have not yet anchored at a low level, the bank said. "Medium-term risks of inflation overshooting 4 percent dominate over the risk of its steady downward deviation from the target," the bank said. "In order to m..

    Russia Cuts Rate On Risk Of Inflation Overshoot, Signals More Ahead

    Russia Cuts Rate On Risk Of Inflation Overshoot, Signals More Ahead Russia central bank cut its key interest rate on Friday by half a percentage point, citing the risk of inflation overshooting the 4 percent target over the medium term, and signaled that further reductions are possible over the next two quarters. The Board of Directors decided to cut the key rate by 50 basis points to 8.50 percent, the Bank of Russia said in a statement. The reduction was in line with economists' expectations. Previously, the bank had slashed the rate by 25 basis points each in June and March, and by 50 basis points in April. Policymakers noted that inflation is close to 4 percent, while the economy keeps growing. While inflation expectations have resumed their decline, they have not yet anchored at a low level, the bank said. "Medium-term risks of inflation overshooting 4 percent dominate over the risk of its steady downward deviation from the target," the bank said. "In order to m..
    Read More
  • Russia's UN envoy says "big mistake" to underestimate Russia, China proposal to kick-start North Korea talks, it remains on table, "we will insist it be considered" Reuters headline, more:

    Russia’s UN envoy says not to underestimate its proposal (with China) on North Korea

    Russia's UN envoy says "big mistake" to underestimate Russia, China proposal to kick-start North Korea talks, it remains on table, "we will insist it be considered" Reuters headline, more:
    Read More
  • Russia to regulate crypto The regulators are coming. The stampede of regulation is underway. Russia had initially tried to ban crypto but has now decided to regulate. That's a different tactic than China, where officials they are closing exchanges.

    Russia to regulate cryptocurrency market, Finance Minister says

    Russia to regulate crypto The regulators are coming. The stampede of regulation is underway. Russia had initially tried to ban crypto but has now decided to regulate. That's a different tactic than China, where officials they are closing exchanges.
    Read More
  • Russian foreign minister Lavrov out on the wires 6 Sept - Russian and NK delegations could meet on fringes of economic forum in far east of Russia Also out: - says it is inevitable ti cut oil supplies t NK

    Russia will insist that any US resolution on North Korea does not include military action

    Russian foreign minister Lavrov out on the wires 6 Sept - Russian and NK delegations could meet on fringes of economic forum in far east of Russia Also out: - says it is inevitable ti cut oil supplies t NK
    Read More
  • Russia Services Growth Improves In August Russia's service sector growth improved in August after easing in the previous month, survey figures from IHS Markit showed Tuesday. The Services Business Activity Index rose to 54.2 in August from July's 14-month low of 52.6. Any reading above 50 indicates expansion in the sector. In August, growth in new orders at Russian service sector firms was faster than nine-month low in July Despite this, backlogs increased only marginally. As a result, growth in workforce numbers eased from July to a marginal rate. The rise was the least marked in the current eight-month sequence of job creation. The Composite PMI, which combines manufacturing and services, climbed to 54.2 in August from a ten-month low of 53.4 in July. "IHS Markit currently forecasts GDP growth in 2017 of 1.6 percent, supported by solid expansions in both the manufacturing and service sectors," Sian Jones, Economist at IHS Markit, said.

    Russia Services Growth Improves In August

    Russia Services Growth Improves In August Russia's service sector growth improved in August after easing in the previous month, survey figures from IHS Markit showed Tuesday. The Services Business Activity Index rose to 54.2 in August from July's 14-month low of 52.6. Any reading above 50 indicates expansion in the sector. In August, growth in new orders at Russian service sector firms was faster than nine-month low in July Despite this, backlogs increased only marginally. As a result, growth in workforce numbers eased from July to a marginal rate. The rise was the least marked in the current eight-month sequence of job creation. The Composite PMI, which combines manufacturing and services, climbed to 54.2 in August from a ten-month low of 53.4 in July. "IHS Markit currently forecasts GDP growth in 2017 of 1.6 percent, supported by solid expansions in both the manufacturing and service sectors," Sian Jones, Economist at IHS Markit, said.
    Read More
  • *Russia Aug Services PMI 54.2 Vs. 52.6 In Jul, Consensus 53.9 Russia Aug Services PMI 54.2 Vs. 52.6 In Jul, Consensus 53.9

    *Russia Aug Services PMI 54.2 Vs. 52.6 In Jul, Consensus 53.9

    *Russia Aug Services PMI 54.2 Vs. 52.6 In Jul, Consensus 53.9 Russia Aug Services PMI 54.2 Vs. 52.6 In Jul, Consensus 53.9
    Read More
  • TASS citing comments from Russian energy minister Novak 5 Sept - no specific decisions made Another agency Interfax quotes Novak as saying that an extension of the deal beyond Q1 2018 is being considered as an option.

    Russia and Saudi Arabia have discussed extension of OPEC/non-OPEC output deal

    TASS citing comments from Russian energy minister Novak 5 Sept - no specific decisions made Another agency Interfax quotes Novak as saying that an extension of the deal beyond Q1 2018 is being considered as an option.
    Read More