Elizaveta Danilova during an interview in Moscow. Reuters
Russian Central Bank (CB) held its key interest rate at record low level of 4.25% and said it will not cut rates further, instead planning to start gradually raising them at some point in the future when inflation stabilises near its target.
Russia’s central bank (CB) kept rates unchanged at a record low, deciding against further rate cuts as inflation accelerates and risks rise of fresh sanctions against Moscow, but said a rate cut was still possible later this year.
The Russian central bank lowered its key interest rate to 6.00% on Friday, cutting the cost of lending for the sixth consecutive meeting amid slowing inflation, and said a further rate cut was possible at an upcoming meeting.
Profits in Russia’s banking sector rose to 70 billion roubles ($975 million) in June from just 500 million roubles in May, which included some weeks of lockdown due to the coronavirus pandemic, the central bank said in a report on Friday.
Over 150 participants including sustainability and CSR experts, business leaders and academics came together for the Dubai Dialogue 2021 conference,
Dubai’s Roads and Transport Authority (RTA) announced the launch of the 12th Public Transport Day on November 1st under the theme:
The Swiss Pavilion attracted hundreds of visitors and space enthusiasts during the space Week events conducted in the Swiss Pavilion at Expo 2020 Dubai.