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Top related persons:
Alexei Zabotkin - 2 Elvira Nabiullina - 1 ” - 1 Igor Lipsits - 1 there's - 1 Alexey Zabotkin - 1 Wagner - 1 Nikolay Korzhenevsky - 1
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Russian Russia Ukraine MOSCOW Wall Silicon — Kazakhstan
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Thomson - 2 Central Bank - 1 Novaya Gazeta - 1 Service - 1 HSE University - 1 RBC - 1 Wagner Group - 1 Bloomberg - 1

Search resuls for: "Zabotkin"


12 mentions found


☆ Russian c.bank chief Nabiullina and her deputy on rates, inflation and the economy
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +8 min
NABIULLINA ON ROUBLE WEAKENING:"Of course, we take into account that the weakening of the exchange rate is a pro-inflationary factor. And about 90% of the converted foreign exchange earnings of the company continue to be sold. Having sold their foreign exchange earnings, exporters have the opportunity to buy it back in the volumes in which they deem necessary. NABIULLINA ON REPATRIATION OF FOREIGN CURRENCY PROCEEDS:“The second topic is the repatriation of foreign currency earnings, the transfer of foreign currency funds from foreign banks to Russian ones. NABIULLINA ON UNPLANNED RATE INCREASE ON AUGUST 15:“This was not a reaction to (the rouble exchange rate) reaching any specific level.
Persons: Elvira Nabiullina, Alexei Zabotkin, ” Organizations: Central Bank, Reuters, Thomson Locations: MOSCOW, Russian
☆ The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June
  + stars: | 2023-08-08 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
In June, the amount of cash in circulation in Russia hit a record $187 billion, per its central bank. Russians are hoarding cold, hard cash amid economic uncertainty, an economist told Novaya Gazeta. Compensation to families of dead fighters and increased demand in Russian-occupied Ukrainian regions also add to the cash in circulation. In June, the amount of cash in circulation in Russia hit a record 17.9 trillion rubles, or $187 billion, data from the Russian central bank shows. To tame inflation, the Russian central bank its central bank raised interest rates by one percentage point on July 21 — double the 0.5 percentage point analysts polled by Reuters had expected.
Persons: Igor Lipsits, there's, Alexey Zabotkin, Wagner, Nikolay Korzhenevsky Organizations: Novaya Gazeta, Service, HSE University, RBC, Wagner Group, Bloomberg, Reuters Locations: Russia, Wall, Silicon, Russian, Ukraine, —, Kazakhstan, Russia's
☆ Russia's rouble tumbles past 89 vs dollar to over 15-month low
  + stars: | 2023-06-30 | by ( Alexander Marrow | Thomson Reuters | Moscow-Based Reporter Covering Russia'S Economy | ) www.reuters.com   time to read: +2 min
By 1156 GMT, the rouble was 1.8% weaker against the dollar at 89.15 after earlier hitting 89.3275, its weakest point since March 29, 2022. It lost 1.8% to trade at 96.74 versus the euro , also a 15-month low. It shed 1.4% against the yuan to 12.23 <CNYRUBTOM=MCX>, a more than 14-month low. The rouble lost a key support factor on Wednesday as a month-end tax period that typically sees exporters convert foreign currency revenues to meet local liabilities passed. Brent crude oil , a global benchmark for Russia's main export, was up 0.1% at $74.41 a barrel.
Persons: C.bank, Yevgeny Prigozhin's, Vladimir Putin's, Alexei Zabotkin, Zabotkin, Alexander Marrow, Jamie Freed, Robert Birsel, Jane Merriman, Mark Heinrich Our Organizations: Alor Broker, Bank of Russia, Brent, Gazprom, Thomson Locations: Moscow, Russian, Alor, Russia, Ukraine
☆ Russia's weekly consumer prices rise quickened in late March
  + stars: | 2023-04-05 | by ( ) www.reuters.com   time to read: +2 min
MOSCOW, April 5 (Reuters) - The rise in Russia's weekly consumer prices quickened at the end of March, data from state statistics service Rosstat showed on Wednesday, with authorities still fighting to slow inflation. Russia's central bank held the key interest rate at 7.5% last month, maintaining a hawkish stance as a widening budget deficit and labour shortages pose ongoing inflationary risks. On Wednesday, Central Bank Deputy Governor Alexei Zabotkin maintained that hawkish signal, addressing the State Duma, Russia's lower house of parliament. Consumer prices rose 0.13% in the week to April 3, Rosstat said, compared with a 0.05% rise the previous week. Russia's annual inflation rate in 2022 was 11.9%, almost three times the official 4% target.
☆ Russian central bank governor on rates, inflation, GDP and oil
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: +4 min
Feb 10 (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin gave a news conference on Friday after the regulator held its key interest rate at 7.5%. ZABOTKIN ON INFLATION IN 2023:"The dynamics of annual inflation this year will be very much determined by the months of last year dropping out of the calculations. We had very high monthly values in March and April, and when they drop out of the calculations, respectively, there will be a very rapid decline in annual inflation. As they go out of the calculations, respectively, the annual inflation rate will increase, and by the end of the year we expect it to be in the range of 5-7%." NABIULLINA ON RUSSIA'S GDP FORECASTS"We have improved the forecast for GDP this year.
☆ Russia could hike rates in 2023 if inflation risks have big impact -cenbank
  + stars: | 2022-12-26 | by ( ) www.reuters.com   time to read: +2 min
He pointed to high inflationary expectations, a labour crunch, logistical constraints, the higher-than-planned fiscal deficit trajectory and worsening external conditions as risks. "The need for raising rates will be dictated by (these factors), in whatever combination and in whatever volume they will eventually materialise in 2023." Zabotkin also said the structural shift Russia's economy is undergoing is a process that takes longer than a typical cyclical downturn. A Reuters poll last week suggested that the central bank will have limited room to cut interest rates in 2023 as inflation is set to remain above target. Reporting by Elena Fabrichnaya and Alexander Marrow; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
☆ Russia's central bank governor Nabiullina speaks after holding rates at 7.5%
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +5 min
Dec 16 (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin gave a news conference after the central bank left its key rate unchanged at 7.5% on Friday. These funds will return to the Russian banking sector as confidence in macroeconomic stability and in price stability grows. We believe this transaction will ensure the development of the banking sector without the participation of the central bank as an owner. NABIULLINA ON BANKING SECTOR PERFORMANCEAs for 2022 financial results, it is premature to give specific estimates, but I can say that the banking sector has reduced its losses, compared to the level in the middle of the summer. Many banks have reached profitability - most banks have reached profitability, therefore we expect the banking sector to be profitable in 2023.
☆ Russian c.bank to consider subdued inflationary pressure at next rate meeting
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: 1 min
MOSCOW, Nov 22 (Reuters) - The Bank of Russia will consider still subdued inflationary pressure and households' inflation expectations when making its next decision on interest rates in December, Deputy Governor Alexei Zabotkin said on Tuesday. Zabotkin told reporters that weekly inflation data in November was suggesting muted inflationary pressure. When holding rates last month, the central bank said Russia's partial mobilisation for its military campaign in Ukraine may initially create disinflationary pressure due to reduced consumer demand. The next rate-setting meeting is due on Dec. 16. Reporting by Elena Fabrichnaya; Writing by Alexander MarrowOur Standards: The Thomson Reuters Trust Principles.
☆ Russian economy activity slowed significantly at end-Sept, says c.bank
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
"We will move smoothly towards stabilising inflation at the target," Zabotkin said. This is because the economic transformation demands significant price adjustments across a wide range of goods and services." But as the conflict in Ukraine escalates and domestic pressure for a Russian victory intensifies, the focus on economic stability is jarring for some. "Our special military operation is under way, we must understand how it will end...stop telling us about stability," lawmaker Valeriy Gartung of the small pro-Kremlin "Just Russia" party told Zabotkin. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.
☆ Russian economy slowed significantly at end of September, c.bank says
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: 1 min
Oct 11 (Reuters) - Russia's economy slowed significantly at the end of September, the central bank's deputy chief said on Tuesday, citing data. Deputy Governor Alexei Zabotkin told lawmakers that capital controls could be implemented in full if there are serious risks to financial stability but that the central bank did not foresee this risk in its baseline scenario. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elena Fabrichnaya Writing by Caleb Davis Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Rouble hits multi-month low on Ukraine escalation fears
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
By 1201 GMT the rouble was down 1.2% against the dollar at 63.44 after touching 63.9975 for its weakest since July 7. The rouble has been supported by capital controls and a collapse in imports since Western sanctions were imposed over Russia's actions in Ukraine and companies left the market in droves. Promsvyazbank analyst Yevgeny Loktyukhov pointed to escalation in Ukraine and a pullback in oil prices as a reason for the rouble's slide. Brent crude oil , a global benchmark for Russia's main export, was down 1.7% at $94.58 a barrel at 1200 GMT. Russian stock indexes, which were dragged sharply lower by Gazprom (GAZP.MM) in the previous session, were regaining some ground.
☆ Rouble hits multi-month low past 64 vs dollar on Ukraine escalation fears
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
By 1409 GMT the rouble was down 2.1% against the dollar at 64.03 , its weakest since July 7. The rouble has been supported by capital controls and a collapse in imports since Western sanctions were imposed over Russia's actions in Ukraine and companies left the market in droves. Already blighted by Western sanctions, Russia's economy now faces a more self-inflicted blow, with President Vladimir Putin's military mobilisation drive threatening to undermine productivity, demand and recovery. Promsvyazbank analyst Yevgeny Loktyukhov pointed to escalation in Ukraine and a pullback in oil prices as a reason for the rouble's slide. Brent crude oil , a global benchmark for Russia's main export, was down 2.3% at $94.0 a barrel at 1410 GMT.
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