China’s monetary policy not particularly loose this year
China China’s monetary policy not particularly loose this year While the PBoC has lowered reserve requirements for banks this year, the net effect of its applications of various monetary instruments...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East
Russia As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East Russia is a major global producer and exporter of grains. Figures from the UN’s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s federal budget revenues down in August
Russia Russia’s federal budget revenues down in August Nominal federal budget revenues were down by about 10 % y-o-y in August. Part of the revenue drop was cushioned from the July fall by a re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR considers ways to support fixed investment and reduce forex dependency
Russia CBR considers ways to support fixed investment and reduce forex dependency According to the Central Bank of Russia’s recent draft documents on 2023–2025 monetary policy and financial market d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Rates rise as China attempts to quell rising indebtedness
Rates rise as China attempts to quell rising indebtedness Moneymarket rates have risen in all maturity classes. The overnight Shibor rate in May has averaged 2.8 %, up from 2.2 % in January. In addit...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Timely CBR support measures avert banking sector panic
Russia Timely CBR support measures avert banking sector panic Russia’s invasion of Ukraine and the new Western sanctions that followed threatened to cause a massive run on bank deposits in Russia. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian economic situation remains weak
Russian economic situation remains weak In the first two months of this year, seasonally adjusted and workday-adjusted industrial output continued to lack clear direction. After lurching ahead in Jan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Chinese still borrowing like there's no tomorrow
Chinese still borrowing like there's no tomorrow The PBoC reports that January issues of total social financing (TSF), a broad measure of the credit supply, broke all historical records last mont...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Finnish exports to Russia finally on the rise
Finnish exports to Russia finally on the rise After contracting for 14 consecutive quarters in annual terms, thevalue of goods exports rose 6 % y-o-y in 4Q16. Fastest growth was recorded for metals e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian industrial output and retail sales continue relatively strong growth in August
Russia Russian industrial output and retail sales continue relatively strong growth in August Industrial output in August rose by 2.7 % from a year earlier, whereas in July it grew by 3.9 %. The lev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Hardest aspects of US planned restrictions on Chinese investment fall away, but trade war still on
China Hardest aspects of US planned restrictions on Chinese investment fall away, but trade war still on President Donald Trump last week rescinded his threat to impose major restrictions on Chinese...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems
Russia Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems Since the end of July, the Russian ruble has lost about 6 % of its valu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
United States tightens rules on semiconductor exports to China
United States tightens rules on semiconductor exports to China On October 7, the United States issued new bans on exports to China of advanced semiconductors and devices for chip manufacture. Special...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Overall condition of Russia’s banking sector remains murky
Russia Overall condition of Russia’s banking sector remains murky With data on balance sheets or income statements no longer published on a regular basis, assessments are based on less granular data...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Margins of China's big banks narrow
China Margins of China's big banks narrow China's four largest banks recently released their financial reports for the first half of this year. The total profits of these banks increased by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Finland-China trade soared in the first half
China Finland-China trade soared in the first half Finnish Customs reports the goods trade between Finland and China grew by 20 % y-o-y in the first half of this year. Growth exceeded that of Finni...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Summer harvest of China's grain crops better than last year
China Summer harvest of China's grain crops better than last year Summer harvest of China's grain crops better than last year The summer harvest this year was about 1 % larger than last yea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR to buy forex on the market for the finance ministry
CBR to buy forex on the market for the finance ministry The finance ministry announced that the background is refraining from using extra oil & gas tax revenues (i.e. income that results from Ura...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China’s current account surplus insufficient to cover capital outflows; currency reserves fall
China’s current account surplus insufficient to cover capital outflows; currency reserves fall Preliminary third-quarter balance-of-payments figures show that China’s current account surplus correspo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Housing market heats up in China’s major cities
China Housing market heats up in China’s major cities China’s National Bureau of Statistics reports the sold floor space of apartments has been much higher in the first quarter than in the first qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021