Russia's central bank stepped in to curb the rouble's recent appreciation this week, spending a total of around $4 billion. Its aim has been to defend the currency around the 36.25 level against the euro-dollar basket the institution uses for guiding its foreign exchange policy. According to Reuters, the rouble finished 36.29 against the basket [...]

Russia's central bank hopes to limit rouble appreciation after buying more than a billion dollars, in the same week as lending rates were cut for the seventh time since April. Analysts claim the drop by 50 basis points to 10 per cent illustrates that the country is more concerned with economic growth than inflation, with [...]

Russia's central bank will call in emergency loans in order to reduce pressure on the rouble and "rein in inflation", it has been reported. The bank wants to curb Russia's budget deficit with the move by directing the funds back to the government, according to Bloomberg. "There's still plenty of government money in the banks," [...]

Sergei Ignatyev, the chief of the Central Bank, spoke out on Thursday 12 March against the introduction of currency controls, echoing Prime Minister Putin’s public opposition to controls.