Russian Central Bank may pause rate-cutting cycle, expert says

Russian Central Bank may pause rate-cutting cycle, expert says Vladimir Yeremkin believes the regulator's decision could be influenced by rising inflation expectations, which may prompt the Bank of Russia to upwardly revise its year-end inflation forecastMOSCOW, July 20. /TASS/. The Bank of Russia may pause its key rate-cutting cycle at its upcoming meeting, Vladimir Yeremkin, a senior researcher at the Structural Research Laboratory of the Presidential Academy's Institute of Applied Economic Research (IAER), told TASS. "At the next meeting, there is a high probability that the Central Bank will pause its rate-cutting cycle to assess how seriously recent events in the domestic fuel market have impacted inflation dynamics," he said. Furthermore, the expert believes the regulator's decision could be influenced by rising inflation expectations, which may prompt the Bank of Russia to upwardly revise its year-end inflation forecast. In early July, Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), told TASS that at its July 24 meeting, the Central Bank would likely either hold the key rate at its current 14.25% or cut it to 14%. He added that raising the rate due to temporary pro-inflationary factors would be a mistake. In late June, Sberbank CEO Herman Gref also stated during the lender's annual general meeting that the Russian economy was already "overcooled" and that the regulator needed to lower the key rate. Meanwhile, Bank of Russia Governor Elvira Nabiullina said in an interview with Vesti on the sidelines of the Financial Congress that room for further rate cuts remains. The Central Bank chief emphasized that the timing and pace of any cuts would depend entirely on economic developments. Russian economy could grow up to 0.7% by year-end, expert saysVladimir Yeremkin said the economy is paying the price for cooling down after overheating, but the base for recovery remains intactRead moreZelensky again requests air defense missiles amid massive strike on KievAccording to him, the cleanup of the consequences of the explosions continuesRead moreUS strikes Darhovin NPP under construction in Iran — Atomic Energy OrganizationIt happened overnight into July 19Read moreRussia’s Battlegroup North destroys over 150 Ukrainian rotor copters in Kharkov in JulyUkrainian troops used the drones to conduct reconnaissance and adjust fire of their artillery unitsRead moreEC to revise 21st package of anti-Russian sanctions considering Greece’s position — paperAccording to the report, some provisions contradict the economic interests of the bloc itselfRead moreCurrent economic collapse in Europe stems from anti-Russian sanctions — RDIF CEOEU sanctions are unpopular in Europe — they do not work and cost EU countries more than €3 trillion, Kirill Dmitriev saidRead morePress review: Trump stuck over Iran war and Zaporozhye chief’s killing may affect peaceTop stories from the Russian press on Thursday, July 16thRead moreSpain opens scoring in World Cup finalFerran Torres scored in the 106th minuteRead moreFive people killed, 23 injured as Ukraine attacks bus in Belgorod Region with droneAlexander Shuvayev called the incident an "inhumane and vile" attackRead moreWTA introduces mandatory gender testing for female tennis playersUnder the new document refusal to undergo testing may result in disciplinary action by the associationRead moreOver 30 countries confirm participation in Russia-Africa Summit — Russian Foreign MinistryDepartment Director Anatoly Bashkin says the number of countries expressing their readiness to attend the summit is rising "each day"Read moreYemen’s Houthis declare naval blockade of Saudi Arabia — spokespersonThe statement points out that the movement reserves the right to pursue "an all-out escalation" in response to Riyadh’s actionsRead moreFACTBOX: What is known about new attack on oil tanker at CPC terminalAccording to the report, the terrorist attack by air drone was made on tanker Nelsa, which was under loading at SPM-1Read morePress review: Russia offers lifeline on Iran and Trump works art of nuke deal with SaudisTop stories from the Russian press on Monday, July 20thRead moreDPRK’s position on Ukraine unchanged, Pyongyang commits to support Moscow — top diplomatChoe Son Hui said that Russia’s special military operation is a holy war being waged to remove the root causes of the Ukraine crisis as well as to defend the country’s sovereignty and territorial integrity Read moreTrump believes Iran should be added to sanctions bill against RussiaRepublicans should add Iran to the Russian Sanctions Bill, he wrote on Truth SocialRead moreKiev aims to further destabilize oil markets by striking Caspian Pipeline Consortium — MFARussian Foreign Ministry Spokeswoman Maria Zakharova stressed that Moscow is in solidarity with the Kazakh Foreign Ministry in its decisive condemnation of this crime against a civilian facilityRead moreIran strikes US radar system, hangar with drones in Kuwait — IRGCSeveral drones were destroyed as a result of the attackRead moreRussia’s pipeline gas supplies to Turkey fall 4% in January-MayTurkey imported a total of 1.27 bln cubic meters from Russia in MayRead moreRussia expects IAEA to give unbiased assessment of attack on Darkhovin NPPForeign Ministry Spokeswoman Maria Zakharova says Russia expects that the agency "will take immediate and concrete steps to end such lawlessness"Read moreIN BRIEF: Kremlin on dialogue with Europe, potential Lavrov-Rubio talksDmitry Peskov stressed that Russia became wiser, and will apply its newfound wisdom in relations with EuropeRead moreRussian troops gain new foothold in Dnepropetrovsk Region after liberating VolnoyeBefore storming the village, aerial reconnaissance identified enemy machine-gun and mortar firing positions, the Russian Defense Ministry reportedRead moreUkraine’s energy system cannot be fully restored — MPThe coming winter will be harder, Maxim Buzhansky saidRead moreReopening talks with Washington impossible as long as US attacks continue — Iranian sourceIf Washington indeed seeks to revive talks, it should first stop its attacks and bombardment of Iran, an Iranian source notedRead moreImplementation of framework agreement to end conflict with Israel — Lebanese presidentAccording to Joseph Aoun, the implementation of the agreements will begin with the withdrawal of Israeli troops from southern Lebanon where the first Lebanese-controlled ‘pilot zone’ will be establishedRead moreRussian forces hit military depot with Western supplies at port of YuzhnyIt was a depot with military property supplied by Western countries for the Ukrainian army, the Russian defense ministry saidRead moreKazakhstan’s energy ministry confirms another attack on oil tanker in Black SeaAn assessment of the vessel’s technical condition and the consequences of the incident is currently underwayRead moreDonbass fate to be decided by fight for Slavyansk, Kramatorsk — expertYevgeny Poddubny said the enemy will continue to use drones en masse, a wide range of Western-made weapons and will actively use the newest AI-powered unmanned systemsRead moreYamal becomes one of five youngest FIFA World Cup winnersThe Spain forward won the 2026 World Cup at the age of 19 years and six daysRead moreFrance passes intelligence to terrorists in Africa — Russian Foreign MinistryDiplomat Anatoly Bashkin explained that without logistical support, it would have been very difficult to organize a large-scale attack in Mali on April 25Read moreUkraine loses over 10,000 troops, mercenaries in past week — military expertBattlegroup East, operating in the Dnepropertovsk and Zaporozhye regions, inflicted the heaviest manpower losses on the enemy, Andrey Marochko saidRead moreRussian forces hit two Ukrainian vessels north of Zmeily islandА bulk carrier and a dry cargo ship, from which Ukrainian troops were launching combat unmanned aerial vehicles and uncrewed boats, were struck, the Russian defense ministry saidRead moreRussia will respond proportionately to Seoul’s deployment of Typhon missile systems — MFAHowever, Andrei Rudenko noted that the Russian Foreign Ministry currently has no information regarding the Republic of Korea's intentions to take such a stepRead moreGas price in Europe surpasses $700 per 1,000 cubic meters first since late MarchThe price of August futures contracts at the TTF hub in the Netherlands has jumped to around $716 per 1,000 cubic metersRead moreRussia hits railway locomotive used by Ukrainian armyThe Defense Ministry also released footage of objective monitoring of the strike on the railway infrastructure behind enemy linesRead moreNATO concerned over German nuclear weapons research — Russian SVRRussia’s Foreign Intelligence Service said that Germany's Western allies are also worried about the scale of the country's research in key nuclear weapons-related fieldsRead moreRussian armed forces liberate Volnoye in Dnepropetrovsk regionThe Ukrainian forces lost 1,500 servicemen in special military operation zone in past 24 hours, the Russian Defense Ministry reportedRead moreKremlin would welcome potential contacts between Lavrov, Rubio — spokesmanThe contacts currently taking place between the two countries’ foreign policy agencies are primarily technical in nature, Dmitry Peskov notedRead moreUkrainian troops extensively use ground robots as mobile firepower — expertAndrey Marochko added that Ukrainian forces have begun to modify Western-made armored vehicles and automobiles for remote controlRead moreRussian forces strike Ukrainian naval drone assembly sites over past day — top brassRussia’s Battlegroup West inflicted roughly 210 casualties on Ukrainian troops and destroyed eight enemy armored combat vehicles in its area of responsibility over the past day, the Defense Ministry reportedRead moreNew Ukrainian-made drones appear in Africa — Russian Foreign MinistryDepartment Director Anatoly Bashkin added that Ukrainian military advisers are present in Mali’s northern border areasRead moreMediators propose 10-day ceasefire between Iran, US — agencyIt is expected that options for restoring the temporary agreement will be discussedRead morePutin thanks North Korea for support for special military operation"I would like to express gratitude for the support for our special military operation," he saidRead moreChina's fertilizer imports from Russia rise 58.6% in 1H 2026The bulk of imports consisted of potash fertilizersRead moreSkopje joins anti-Russian Coalition of the Willing, ambassador tells TASSDmitry Zykov noted that since the start of the special military operation, North Macedonian authorities have supported the Kiev regime not only through rhetoric but also by providing military and technical assistanceRead moreRussian Geran-4 drone hits vessel at port of OdessaAccording to radar control data, the drone hit the designated targetRead moreRussia is becoming priority for Mossad, experts sayAccording to analysts, a Russian-speaking Mossad director Roman Hoffman offers a distinctive advantage in operations across the post-Soviet spaceRead moreSupport grows in Germany for talks with RussiaAccording to sources cited by The Times, Ronald Pofalla, former head of the German Federal Chancellery, could act as an intermediary between Moscow and BerlinRead moreMore than 80 people injured in Spain during celebration of World Cup victoryAccording to EFE, two people died, including a 13-year-old teenagerRead moreExplosions heard in Iran's BushehrThe Mehr news agency previously reported explosions in Jask, Sirik, Chabahar, Konarak, Bandar-e Emam Khomeyni, and Bandar-e MahshahrRead moreOdessa port strikes to deter foreign ships carrying weapons for Ukraine — Russian expertYevgeny Poddubny expects Russia’s military to continue carrying out such strikes, arguing that the cumulative effect will eventually be felt on the battlefield as Ukrainian forces face shortages of equipment, weapons and dronesRead morePutin says highly values friendly relations with North Korea’s Kim"I highly value the mutual understanding on all issues and friendly relations between us," he saidRead moreLavrov meets with visiting top North Korean diplomat in MoscowChoe Son Hui has arrived on an official visit to the Russian capital at Sergey Lavrov’s invitation, the Russian Foreign Ministry said earlierRead moreChina's influence on Brussels in Ukrainian issue to benefit EuropeRussia's Deputy Foreign Minister Andrey Rudenko added regarding the issue of China's possible exertion of pressure on Europe over Ukraine that "it is better to ask Beijing to assess its plans"Read moreRussia remains open to dialogue with Europe — Kremlin spokespersonMoscow has never initiated the severing of relations, Dmitry Peskov saidRead moreIN BRIEF: Ten injured after one of largest drone attacks in years targets Moscow RegionMore than 400 unmanned aerial vehicles were detected heading toward the Moscow Region between the evening of July 19 and the morning of July 20Read moreSpecialists from Ukraine, France take part in terror planning in Africa — Russian diplomatAnatoly Bashkin said that French and Ukrainian specialists are taking an active part in the use of means of combatRead moreDrone attack on Moscow among largest in recent years — TASS calculationsAccording to Mayor Sergey Sobyanin, more than 400 hostile unmanned aerial vehicles headed toward the Moscow Region overnightRead moreRussian forces continue striking Ukrainian ports — Russian defense ministryThe Russian armed forces continued striking Ukrainian ports and vessels used in the interests of the Ukrainian army, the Russian defense ministry saidRead morePress review: Pacific Fleet works out amid Taiwan stir and Beijing to sanction sanctionersTop stories from the Russian press on Tuesday, April 18thRead moreUS completes latest wave of strikes on Iran — CENTCOMThe US military reported attacks on command centers, air defense and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communications networksRead moreMore than 400 drones headed toward Moscow Region from July 19 to July 20Most of them were neutralized by air defense systems at long range, Mayor Sergey Sobyanin saidRead moreDisciplinary Board overturns IIHF decision on ban against RussiansThe board concluded that the arguments and risk assessment reports provided by the IIHF did not contain sufficient grounds for extending the suspension for security reasonsRead moreRussia fighting for its survival in special military operation — Duma deputy speakerPyotr Tolstoy said that Russia is defending its independence, freedom and "the ability to make its own decisions"Read morePutin, Balitsky discuss Novorossiya highway control, countering Ukrainian dronesGovernor Yevgeny Balitsky said the enemy drones are less effective in the Zaporozhye Region thanks to improvements in air defense systemsRead moreUS to ensure free passage in Strait of Hormuz even without deal with Iran — US officialAccording to Wright, around 14 million barrels of oil is coming from the Middle East region dailyRead moreResponse to Ukrainian strikes on Wildberries warehouses to be harsh — Russian senatorGrigory Karasin condemned the ongoing escalation, noting that the latest assault marks a disturbing new phaseRead moreEU countries increasingly reluctant to back sanctions on Russia — FTSources cited by the newspaper said European governments grow concerned that the restrictions could harm their leading companiesRead morePutin open to contacts with Mojtaba Khamenei — Peskov"There are currently no specific arrangements for such a phone call," the Russian presidential spokesman saidRead moreRussian forces hit Ukrainian army’s hydrocarbon processing center in Poltava RegionAccording to the ministry, drones are equipped with state-of-the-art electronic optical systems that allow these drones to autonomously adjust their trajectoryRead moreRussia-North Korea relations developing in all areas — Putin"I am very glad to see you. Welcome," he saidRead moreRussia's strike on Kiev-based Rapid enterprise aimed at reducing long-range UAV attacksThe Russian developer of drone detectors said the strikes will reduce the number of attacks by the Ukrainian army’s long-range unmanned aerial vehiclesRead moreRussia, North Korea intend to give extra impetus to cooperation — LavrovThe Russian foreign minister referred to the cooperation in the bilateral format, including issues of regional and international securityRead moreUkrainian military advisers operate in Mali, Russian MFA tells TASSTheir assistance mainly involves the use of UAVs and counter-UAV operations, Anatoly Bashkin saidRead moreOver 30 Russians to take part in 2024 World Swimming Championship as neutralsThe event will take place in Budapest between December 10 and 15Read moreUkraine never stops trying to inflict irreparable damage to CPC — Russian diplomatMaria Zakharova said the attack was the fifth act of aggression against the company’s civilian facilities enjoying protection of international lawRead morePutin extends visa-free entry for Chinese citizens until end of 2027 — decreeIn May, China extended its own visa-free stay for Russians until the end of 2027Read moreRussia, US hold talks on global development beyond 2030Boris Titov, presidential special representative for relations with international organizations to achieve Sustainable Development Goals, said the program is currently not among US priorities, but US authorities acknowledge the existence of transboundary challengesRead moreAndy Burnham takes office as British prime ministerThe newly elected leader of the United Kingdom’s Labour Party is the third prime minister formally appointed by King Charles IIIRead moreEU wants to fight to last Ukrainian, destroy its own economy — DodikAccording to the chairman of Alliance of Independent Social Democrats party of Republika Srpska, the war is being fought only on Ukrainian territory, but it is essentially an attempt by the EU to break RussiaRead moreUS military launches fresh strikes on Iran — CENTCOMThe US military says that the strikes will degrade Iranian capabilities used to attack commercial vessels and civilian mariners in the Strait of HormuzRead moreTen people, including child, injured in Ukrainian drone attack on Moscow RegionAccording to Governor Andrey Vorobyov, seven people sought medical assistance in Domodedovo, but a 27-year-old man with shrapnel injuries to his shin refused hospitalizationRead moreIran strikes US facilities in Kuwait, Bahrain — IRGCAccording to the Islamic Revolutionary Guard Corps, the attack was carried out in three phases and involved the use of drones and missileRead moreRussian brands strong enough to enter US marketPresidential envoy Boris Titov separately said that Russia-US cooperation in the information technology sector could recover rapidlyRead moreRussian forces hit Odessa port infrastructureOnyx anti-ship missiles, air-launched cruise missiles, and loitering munitions hit port infrastructure, the Russian defense ministry saidRead moreSpain wins FIFA World Cup 2026Ferran Torres scored the only goal in the 106th minuteRead moreFACTBOX: Russia's latest strikes on Ukrainian portsAccording to the Russian Defense Ministry, air-launched precision-guided weapons and loitering munitions struck fuel and lubricant storage tanks intended for the Ukrainian armed forces at the port of OdessaRead moreRussia, China honestly discuss all angles of Ukrainian settlementDeputy Foreign Minister Andrey Rudenko says Russia "is grateful to the Chinese side for a balanced position on the Ukrainian crisis"Read moreThere can no longer be any rules against Kiev attacking cities in Russia — MedvedevDeputy Chairman of the Russian Security Council emphasized that "back then, it was not customary to steal or kill the leaders of even hostile countries"Read moreAndy Burnham to take office as UK prime ministerKing Charles III will meet with Burnham and invite him to form His Majesty’s governmentRead moreIraqi PM to visit Tehran late next week — Foreign MinistryAccording to the statement, an Iraqi deputy foreign minister and the Iranian ambassador had previously discussed "the signing of a range of memorandums of understanding that will serve the interests of both countries"Read moreIranian interior minister to visit Islamabad — TVAccording to a report by the Al Hadath television channel, Eskandar Momeni will meet with the Pakistani leadershipRead moreUS borrows from ISIS playbook with latest strikes on Iran, diplomat says"Strikes targeting watchtowers and electricity power plants in Chabahar resemble something the Islamic State group would do," Esmaeil Baghaei saidRead moreSituation in Mali developing in encouraging direction — Russian Foreign MinistryDepartment Director Anatoly Bashkin specified that this was thanks to the successful actions of the Africa Corps and an improvement in relations between Algeria and MaliRead moreCPC reports new attack on oil tanker at Black Sea terminalThe company resumed oil shipments on the evening of July 19 following a previous attack on its terminal but halted them again after a drone attack on the tanker near the facility on July 20Read moreNumber of US troops killed in conflict with Iran reaches 17 — agencyThe number of US service members injured during the military operation against Iran has exceeded 400Read moreRussian forces hit 200 railway engines hauling Western arms to Ukraine — diplomatAccording to Rodion Miroshnik, "90% of military cargoes arrive from European countries"Read moreNew British Prime Minister vows to support Ukraine '100%'Andy Burnham promised to hold a telephone conversation with Vladimir Zelensky on July 20Read moreDe la Fuente becomes third coach to win both World Cup and European ChampionshipBefore the Spaniard, the feat had been achieved only by his compatriot Vicente del Bosque and Germany's Helmut SchonRead moreUS teeters on return to all-out war with Iran — newspaperAccording to the report, the United States does not have enough to safely sustain operationsRead moreRussian forces hit two vessels with military cargoes at port of OdessaRussian Aerospace Forces aircraft and unmanned aerial vehicles struck two bulk carriers carrying military cargo, the Russian defense ministry saidRead more