Russia’s international reserves consist of goldforeign exchange, special drawing rights, and reserves International Monetary Fund It is a highly liquid foreign asset held by the Central Bank and the Russian government.
The Russian Central Bank had kept interest rates unchanged at 7.5 percent, in line with expectations, at its meeting in mid-December.
The Bank also kept interest rates unchanged in October, after ending a months-long rate-cutting cycle.
The Russian Central Bank raised the main rate to 20% from 9.5%, after the launch "military operation" in a Ukraine On February 24, in order to mitigate risks to financial stability.
And with reassuring macroeconomic indicators, the Central Bank cut interest rates 6 times, and in the last meeting, the Russian Central Bank indicated that it was close to ending the monetary easing cycle.
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According to the data Russian Central Bank that reserves Russia International reserves, which include gold and foreign exchange, rose from 9 to 16 this December by 0.9 percent, with an increase of $ 5.2 billion to reach $ 581.7 billion, while reserves increased in 2021 by 5.9 percent to reach $ 630.6 billion, and reached their highest level in the world. Launch, at $643.2 billion, on February 18, 2022.
Russia’s international reserves consist of goldforeign exchange, special drawing rights, and reserves International Monetary Fund It is a highly liquid foreign asset held by the Central Bank and the Russian government.
The Russian Central Bank had kept interest rates unchanged at 7.5 percent, in line with expectations, at its meeting in mid-December.
The Bank also kept interest rates unchanged in October, after ending a months-long rate-cutting cycle.
And the Russian Central Bank raised the main interest rate to 20 percent from 9.5 percent, after the launch of the “military operation” in Ukraine On February 24, in order to mitigate risks to financial stability.
And with reassuring macroeconomic indicators, the Central Bank cut interest rates 6 times, and in the last meeting, the Russian Central Bank indicated that it was close to ending the monetary easing cycle.