News

Central Bank of Russia Governor Nabiullina: The possibility of a rate hike has increased.

Russian Economy Minister: It is important to avoid excessive fluctuations in the exchange rate, which will increase inflation expectations.

European Central Bank Supervisory Board Chairman Enria: European banks should make more use of branches to conduct business in other countries.

India's 10-year government bond yield rose 5 basis points this week, the biggest increase since February 10.

U.S. natural gas futures fell 3.00% on the day and are now trading at $2.281/MMBtu.

Russian Ministry of Defense: Russian troops have repelled two Ukrainian attacks in the direction of Zaporozhye.

Saudi Ministry of Foreign Affairs: Saudi Arabia and the United States announced that the warring factions in Sudan agreed to a 24-hour nationwide ceasefire starting June 10.

The Russian Foreign Ministry has subpoenaed the Japanese ambassador to Russia over the decision to provide military equipment to Ukraine.

Enria, Chairman of the Supervisory Board of the European Central Bank: The preliminary result is that the US regulations will impose higher capital requirements on the world's important banks and lower capital requirements on other banks.

European Central Bank Supervisory Board Chairman Enria: We are completing a study on how European banks adapt to US rules and vice versa.

European Central Bank Supervisory Board Chairman Enria: Basel Accords should be extended to include regional banks.

[Responsible comrades of the National Development and Reform Commission attended the 8th Global Energy Efficiency Conference and met with Fatih Birol, Director of the International Energy Agency (IEA)] On June 7, the 8th Global Energy Efficiency Conference was held in Paris, France. Zhao Chenxin, deputy director of the Reform Commission, attended the meeting and delivered a speech. During the meeting, Zhao Chenxin met with Fatih Birol, Director of the International Energy Agency (IEA). Memorandum of Understanding on Energy Efficiency Cooperation.

Bank of Russia: The disinflationary risk in the baseline scenario is a persistently high household propensity to save amid increased overall uncertainty.

Bank of Russia: Foreign terms of trade related to geopolitical tensions have an important boost to inflation risk.

Central Bank of Russia: At present, the ability of the Russian economy to expand production is increasingly limited by labor market conditions.

Central Bank of Russia: Growth in inflationary pressures is manifesting in an increasingly wide range of goods and services.

Central Bank of Russia: Accelerating fiscal spending, deteriorating foreign trade conditions and severe labor market conditions are still risk factors for inflation.

The Central Bank of Russia: will consider the process of economic transformation and the risks posed by the domestic and external environment, as well as the response of the financial market.

The Bank of Russia: In the future, in key interest rate decisions, the actual and expected inflation dynamics relative to the target will be considered.

Bank of Russia: Given the gradual rise in inflationary pressures, the Russian central bank is likely to raise key interest rates at its next meeting to stabilize inflation near 4% in 2024 and beyond.