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
CBR keeps rates unchanged, but adjusts guidance
CBR keeps rates unchanged, but adjusts guidance At its scheduled meeting last Friday (Jan. 29), the Central Bank of Russia’s board decided to leave the key rate unchanged at 11 %, the same level it h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian economy continued to contract in December
Russian economy continued to contract in December Rosstat reports that industrial output and retail sales both continued to slide in December. In annual terms, retail sales were down 15 %, a fall amp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR leaves rates unchanged
CBR leaves rates unchanged As the markets expected, the Central Bank of Russia suspended systematic rate cuts at last week’s meeting, leaving the key rate at 11 %. Having cut at every meeting since t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
First-quarter figures show contraction in Russian foreign trade and net capital outflow
Russia* First-quarter figures show contraction in Russian foreign trade and net capital outflow Preliminary balance- of-payments figures show that the value of Russian exports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Output down in most manufacturing branches
Output down in most manufacturing branches In the second quarter of this year, manufacturing output was down over 7 % y-o-y, a distinct deepening from the start of the year. Lower fixed capital inve...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR lowers key rate for fourth time this year
CBR lowers key rate for fourth time this year The Central Bank of Russia lowered its key interest rate one percentage point on Tuesday (June 16) to 11.5 %. The CBR said the rate cut was justified in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Growth in Russian government sector spending accelerates
Russia Growth in Russian government sector spending accelerates Expenditures of the consolidated budget (federal, regional and municipal budgets, plus state social funds) increased in the third quar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble rate and oil prices weaker after strong performance early in the year
Russia Ruble rate and oil prices weaker after strong performance early in the year The ruble’s exchange rate and oil prices strengthened in the early part of 2019. While both have been on a downward...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Former visitors
researchers Visitor Period of Visit Research Institute Kiet Duong 09.12. - 20.12.2024 University of York Pavel Chakraborty 02.12. - 17.12.2024 Lancaster University Chengzi Yi 04.11. - 29.11.2024 Euro...
Bofit.fi / Bofit homepage / Visiting Researchers Programme
Rapid expansion of Russian consumer borrowing raises concerns
Russia Rapid expansion of Russian consumer borrowing raises concerns Preliminary data released by the CBR show that on-year growth in the stock of credit granted to households accelerated in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
The third unit of the natural gas liquefaction plant in Yamal went into operation in November
Russia The third unit of the natural gas liquefaction plant in Yamal went into operation in November The plant is located on the coast of the Arctic Ocean. It brought its first unit, or train, on st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish
Russia Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish The price of Urals-grade crude oil declined by 30 % in October and November, from above 85 dollars a barrel to und...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Russian defence spending declines, but remains substantial
Russia Russian defence spending declines, but remains substantial Russia's finance ministry reports that government defence spending fell by 25 % in nominal ruble terms last year. The defence sp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Improved Russian federal budget performance; deficit shrinks
Russia Improved Russian federal budget performance; deficit shrinks 2017fourth-quarter budget revenues were again up significantly from 4Q16 (not including funds received in 4Q16 from the sale of a ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018