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
Russian federal budget revenues continue to deteriorate
Russia Russian federal budget revenues continue to deteriorate Nominal revenues to the federal budget in June were up by a meagre 1.5 % y-o-y. This translates to a very large drop in real terms...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities
BOFIT conference Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities Call for Papers 10th CInSt Annual Banking Workshop on Banking in Emerging Markets: Challenges ...
Bofit.fi / Bofit homepage / BOFIT / News / 2021
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
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
CBR announced organisational changes to improve banking supervision
CBR announced organisational changes to improve banking supervision In recent years, the Central Bank of Russia has worked determinedly to clean up the banking sector from financial institutions that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian banking sector enjoyed brisk growth last year
Russia Russian banking sector enjoyed brisk growth last year Measured by the final balance sheet total, Russia’s banking sector grew by 12.5 % last year, clearly higher growth than in 2019. Gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
While consumption fell, Russian economic indicators generally point to recovery in November
Russia While consumption fell, Russian economic indicators generally point to recovery in November The economy ministry estimates that Russian GDP contracted by 3.7 % y-o-y in November, i.e. sl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Crude oil prices rise above $50 a barrel
Crude oil prices rise above $50 a barrel With a pandemic wiping away demand, the price of crude oil last spring collapsed to unprecedented lows. The price of e.g. Brent crude stabilised at around $40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies
Russia International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies The IMF’s July World Economic Outlook sees global growth at...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy continues to recover
Russia Russian economy continues to recover Preliminary figures show Russian GDP contracted by about 1 % in the first quarter of this year. In the fourth quarter of 2020, GDP was still shrinkin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Mixed signals on direction of Russian economy
Mixed signals on direction of Russian economy The slide in domestic demand continued in October as seasonally adjusted retail sales, reflecting private consumption which is the largest demand compone...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government support has helped move fixed investment towards recovery, outlook remains unsure
Russia Russian government support has helped move fixed investment towards recovery, outlook remains unsure After shrinking by 7.5 % y-o-y in the second quarter, real fixed investment contracte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged
Russia Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged Global oil prices continued to slump in the wake of their March 9 collapse. The export price of Urals-grade ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian domestic demand down over 10 %
Russian domestic demand down over 10 % First-half data on demand-side GDP components confirm the view that private consumption contracted nearly 10 % y-o-y and that fixed investment slid by 8 %. More...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Chinese oil import volumes up 10 % this year
Chinese oil import volumes up 10 % this year The slowdown in economic growth has yet to be seen in China’s oil imports. In the first seven months of this year, China imported 194 million metric tons...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Recovery in Russian fixed investment remains slow
Russia Recovery in Russian fixed investment remains slow The real volume of fixed investment in the third quarter of this year was up only 0.8 % y-o-y. Growth in the first half was even a littl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian GDP grew by just 0.6 % last year
Russian GDP grew by just 0.6 % last year 2014 saw a marked slowdown in the pace of economic growth last year from 1.3 % in 2013. Private consumer spending was the main factor supporting growth, but a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Moscow stock prices tanked last year
Moscow stock prices tanked last year The Moscow Exchange’s RTS index fell 43 % last year from a high of 1,388 points to 791 points. The steepest drop came in December on the sharp drop in crude oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015