Russian output growth slows, inflation remains high
#Russia,economy,BOFIT Weekly Review Russian output growth slows, inflation remains high Russian GDP growth slowed significantly in the third quarter Rosstat’s preliminary estimate puts Russian GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
CBR again lowers key rate and forecasts moderate inflation
Russia CBR again lowers key rate and forecasts moderate inflation Last Friday (Jul. 26), the Board of Directors of the Central Bank of Russia, as generally expected, decided to lower the key rate by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Little progress in reducing poverty, even as Russian living conditions generally improve
Russia Little progress in reducing poverty, even as Russian living conditions generally improve Every two years, Rosstat conducts a large nationwide household survey that covers widely living c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian real disposable income still well below 2014 level
Russia Russian real disposable income still well below 2014 level Russian real disposable household incomes last year were essentially unchanged from 2017. Revenues initially showed gains in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December
Russia CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December On September 14, the Central Bank of Russia’s key rate ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian export volumes up significantly in recent years
Russia Russian export volumes up significantly in recent years Unlike other demand-side categories, the real volume of exports of goods and services grew overall at an average rate of 4 % a year in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR suspends foreign currency purchases tied to the fiscal rule until the end of September
Russia CBR suspends foreign currency purchases tied to the fiscal rule until the end of September Since the beginning of 2017, the Central Bank of Russia has purchased daily a pre-announced amount o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank still keeps key rate unchanged at 7.25 %
Russia Russian central bank still keeps key rate unchanged at 7.25 % The press release from the Central Bank of Russia's July board meeting on interest rates reads largely like the June release....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy continues mixed performance
Russia Russian economy continues mixed performance June economic growth was mostly driven by private consumption. After perking up in the spring months, the trend in investment-driven branches weake...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian inflation remains subdued, but inflation expectations are rising
Russia Russian inflation remains subdued, but inflation expectations are rising June consumer price inflation slowed slightly from 2.4 % y-o-y in May to 2.3 %. Much of the slowdown came from lower f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian oil production growth slows
Russian oil production growth slows Preliminary figures from Russia’s energy ministry show oil output (incl. gas condensates) grew 2 % y-o-y in the first half of 2016. Output growth has slowed in rec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Shanghai Cooperation Organization meets in Tashkent
Shanghai Cooperation Organization meets in Tashkent The Shanghai Cooperation Organization (SCO), founded in 2001, consists of Russia, China and four Central Asian countries (Uzbekistan, Kazakhstan, K...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian agriculture enjoys another year of growth
Russia Russian agriculture enjoys another year of growth While agricultural output grew almost every year over the past decade, 2020 was no exception even if growth slowed down to about 1.5 %. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Brexit result has had only minor impact on Russian economy so far
Brexit result has had only minor impact on Russian economy so far The immediate effects of the UK EU referendum on the Russian economy are quite marginal at this point. Oil prices fell, the ruble los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
President Putin hits familiar themes in address to St. Petersburg Economic Forum
President Putin hits familiar themes in address to St. Petersburg Economic Forum Among the priority themes of current economic policy, Putin stressed his vision of the Eurasian Economic Union as the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rise in Russian consumer prices slowed in January-May
Rise in Russian consumer prices slowed in January-May May consumer prices were up less than 3 % from December, whereas the comparative figure in 2015 was well over 8 %. As in the previous two months,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Contraction of the Russian economy slowed this year
Contraction of the Russian economy slowed this year Rosstat reports that GDP fell 1.2 % y-o-y in the first quarter. Russia’s economy ministry noted that the impact of leap year blunted the drop. The ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR keeps key rate unchanged at 11 %
CBR keeps key rate unchanged at 11 % The Central Bank of Russia stated that inflation has slowed down in recent months, but inflation risks remain elevated. Hence, the CBR board of directors decided ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian retailer Magnit sold to state-owned bank VTB
Russia Russian retailer Magnit sold to state-owned bank VTB Russian retailer Magnit sold to state-owned bank VTB Last week businessman Sergei Galitski announced he was selling nearly all his holdin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR takes over Promsvyazbank
Russia CBR takes over Promsvyazbank CBR takes over Promsvyazbank Last Friday (Dec. 15), the CBR announced it would start measures to prevent the bankruptcy of Promsvyazbank, the country's ninth...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017