Russian ruble has strengthened substantially
Russia Russian ruble has strengthened substantially Before Russia’s invasion of Ukraine in late February, the ruble-dollar exchange rate stood at about 75 rubles to the dollar. The ruble initially p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China stays with its diversified energy import strategy; natural gas consumption and imports on the rise
China China stays with its diversified energy import strategy; natural gas consumption and imports on the rise China is the world’s biggest energy consumer. It also remains by far the largest consum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian inflation rises to levels not seen for years
Russian inflation rises to levels not seen for years November consumer prices were up by 8 % y-o-y. Food prices, one of the biggest drivers of inflation, rose by 11 % y-o-y. Prices of non-f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year The level of output dipped slightly in March (seasonally adjusted) in nearly all core sectors of the economy. I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
CBR injects more money into troubled banks
Russia CBR injects more money into troubled banks The Central Bank of Russia last year had to take over three large private banks – Otkritie, B&N Bank and Promsvyazbank – to ensure their c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Rapid growth in Russian goods trade continued in first quarter
Russia Rapid growth in Russian goods trade continued in first quarter The value of goods exports in the first quarter slightly exceeded $100 billion, an increase of over 20 % y-o-y. Rising oil price...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank plans to start "bad" bank
Russia Russian central bank plans to start "bad" bank Central Bank of Russia deputy governor Vasily Pozdyshev said Monday (Apr. 2) that problem loans and certain other assets of the banks ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR lowers key rate; oil, ruble and stock markets down in recent weeks
Russia CBR lowers key rate; oil, ruble and stock markets down in recent weeks CBR lowers key rate; oil, ruble and stock markets down in recent weeks The Central Bank of Russia continued monetary ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic trends seem to have stabilised in July
Russia Russian economic trends seem to have stabilised in July Although retail sales and many branches of manufacturing experienced weaker growth in July, the Russian economy garnered support from o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery of Russian government budget revenues has brought rebalance
Russia Recovery of Russian government budget revenues has brought rebalance Recovery of Russian government budget revenues has brought rebalance Rebound of revenues on the consolidated budget (fede...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Commercial banks participating in CBR’s digital ruble pilot trial
Russia Commercial banks participating in CBR’s digital ruble pilot trial The Central Bank of Russia only began in earnest to plan the introduction of a digital currency last year, but the basic desi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian fixed investment bounces back after the Covid Recession
Russia Russian fixed investment bounces back after the Covid Recession Demand-side figures in Rosstat’s national accounts show a strong rebound in seasonally adjusted growth in fixed investment in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR raises key rate again; monetary policy guidelines for 2022–2024 announced
Russia CBR raises key rate again; monetary policy guidelines for 2022–2024 announced On September 10, the Central Bank of Russia decided to raise the key rate by 25 basis points. The key rate now st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China establishes itself as major arms exporter and importer
China establishes itself as major arms exporter and importer A report published last month by the Stockholm International Peace Research Institute (SIPRI) finds that the volume of international arms ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Procurements of public sector and state-owned enterprises in 2016 exceeded 30 % of Russian GDP
Procurements of public sector and state-owned enterprises in 2016 exceeded 30 % of Russian GDP Theeconomy ministry reports that public procurements in Russia last year were valued at 5.3 trillion rub...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Increase in profits of Russian firms supports capital flows abroad and to banks
Increase in profits of Russian firms supports capital flows abroad and to banks Despite a recessionary economy, profits of Russian companies were up again in January-May relative e.g. to companies’ b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Forecasts see smaller slide for Russian economy than earlier
Forecasts see smaller slide for Russian economy than earlier Both the IMF World Economic Outlook update released this month and the July consensus forecast of various major forecasters see Russian GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble strengthening on higher oil prices
Ruble strengthening on higher oil prices This week the ruble-dollar exchange rate hovered around 66 RUB, while the euro-ruble rate held around 74 RUB. The ruble has appreciated more than 20 % against...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian central bank again lowers its key rate
Russia Russian central bank again lowers its key rate Last Friday (July 24), the Central Bank of Russia’s board of directors decided to lower the key rate by 25 basis points to 4.25 %. It was t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR now publishes the RUONIA rate
Russia CBR now publishes the RUONIA rate The weighted average interest rate on unsecured overnight interbank ruble loans, or Ruonia (Ruble Overnight Index Average) is a key reference rate for R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020