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The Bank of Russia will hold a meeting on its key rate on Friday, October 23, amid October increases in utility tariffs and a decline in households’ short-term inflation expectations. Analysts surveyed expect the regulator to keep the rate at 14% per annum, TatCenter reports.

At its previous meeting on September 11, the Central Bank also kept the rate unchanged, citing stronger price pressures and ongoing inflation risks. According to Rosstat, consumer prices rose by 0.35% in September compared with August, bringing annual inflation to 6.35%. From October 6 to 12, prices increased by 0.11%; since the start of the month, they have risen by 1.01%. The Central Bank’s baseline scenario projects inflation of 6–7% by the end of 2026 and a return to the 4% target in 2027.

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Russian Ministry of Finance pays salaries in digital rubles for the first time

• The Bank of Russia, in coordination with the Ministry of Finance, is rolling out the digital ruble in the salary payment process.
• This is the first time the Russian government has used a national digital currency for payroll purposes.
• The move marks an important step forward in integrating digital money into the financial system.
• The digital ruble is issued by the Bank of Russia, operating on blockchain technology.
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Source: CoinTelegraph

$RUSSIA DIGITAL RUBLE LAUNCHES SEPT 1 – US CBDC BAN HANGS IN BALANCE 💥

Russia’s central bank governor just confirmed the digital ruble is ready to roll out on September 1st. Full legislation kicks in with a transition period until 2027. Meanwhile, the US housing bill with a CBDC ban has been sent to Trump – if he doesn’t sign in 10 days, the ban activates automatically until 2030.

This is a real-time geopolitical divergence. One of the largest economies is launching state digital money while the other is trying to block it for the next six years. These moves don’t happen in a vacuum – they change the liquidity narrative for every crypto asset in the long run.

Which central bank decision do you think will have more impact on crypto prices this year?

Not financial advice. Always manage your risk.

#RUB #DigitalRuble #CBDC #CryptoNews #Geopolitics

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Look at this 🐳

According to the Central Bank’s September report, the volume of transactions in Russian currency reached its highest level since May 2024.
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