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
Russian stock market performance reflects low oil prices and ruble slide
Russian stock market performance reflects low oil prices and ruble slide Russia’s main RTS share index, calculated in dollars, fell 4 % last year on the drop in oil prices and the ruble’s weak exchan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Large Russian private bank Uralsib faces bankruptcy prevention measures
Large Russian private bank Uralsib faces bankruptcy prevention measures Nikolai Tsvetkov, the previous majority owner of Uralsib, this week completed the sale of an 82 % stake to Vladimir Kogan, who ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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 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
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
Moderate rise in Russian government spending
Russia Moderate rise in Russian government spending Revenues to Russia’s consolidated budget (federal, regional and municipal budgets plus state social funds) in the first half of this year were up ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
EU-India free-trade agreement creates basis for developing economic relations
BOFIT Weekly Review,world economy EU-India free-trade agreement creates basis for developing economic relations Indian prime minister Narendra Modi and European Commission president Ursula von der L...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Russian central bank lowers its key rate; growth in corporate borrowing slows
russia,BOFIT Weekly Review,economy Russian central bank lowers its key rate; growth in corporate borrowing slows At its regular meeting on June 6, the Central Bank of Russia’s board of directors dec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Strong growth in Russian bank lending continued last year
Russia,economy,BOFIT Weekly Review Strong growth in Russian bank lending continued last year Corporate borrowing driven by reduced access to international financing and generous interest-subsidy pro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Former visitors
researchers Visitor Period of Visit Research Institute Laurent Weill 07.01. - 10.01.2025 University of Strasbourg Luu Duc Toan Huynh 07.01. - 17.01.2025 Queen Mary University of London Yi Wei 10.02. ...
Bofit.fi / Bofit homepage / Visiting Researchers Programme
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
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
State enterprises and the state may generate around 40 % of Russian GDP
Russia State enterprises and the state may generate around 40 % of Russian GDP Rosstat reports that in recent years 11–12 % of revenues of all firms and organisations (excluding funding received fro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017