CBR raises key rate to 4.5 %
Russia CBR raises key rate to 4.5 % On March 19, the Board of Directors of the Central Bank of Russia decided at their monthly inflation meeting to raise the key rate by 0.25 percentage points ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Moscow stock indices and oil prices still up for the year
Russia Moscow stock indices and oil prices still up for the year The Moscow Exchange has been lifted this year by a strong updraft from rising oil prices. News of the omicron variant of COVID-19, ho...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR hikes key rate again
CBR hikes key rate again On June 11, the Central Bank of Russia (CBR) raised its key rate by 50 basis points to 5.5 %. It was the CBR’s third hike this year for a total increase of 125 basis poi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
IMF lowers growth forecast for global economy
Russia IMF lowers growth forecast for global economy The latest World Economic Outlook from the International Monetary Fund (IMF) sees growth of the global economy slowing this year to 3 % and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian youth unemployment near European average
Russian youth unemployment near European average Russia last year had about a million unemployed persons between the ages of 15 and 24. The youth unemployment rate was 16 %, while the overall unemplo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CIS countries have had to relax foreign exchange policies in recent years
Russia CIS countries have had to relax foreign exchange policies in recent years CIS countries have had to relax foreign exchange polies in recent years The currencies of countries in the Commonwea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack
Russia Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack Russian GDP grew by 1.9 % y-o-y in the second quarter of this year, with seasonally-adjusted GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Kremlin imposes strict economic targets on regional leaders
Russia Kremlin imposes strict economic targets on regional leaders Under a new rule introduced this spring, regional leaders are now evaluated according to 14 different criteria. The main measures o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy continued to contract in October
Russia Russian economy continued to contract in October First estimates released by the economic development ministry and Rosstat put the decline in Russian GDP in recent months around 4–5 % y-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian energy export volumes at crossroads
Russian energy export volumes at crossroads In volume terms, the export performance of Russia’s oil sector this year has exceeded expectations. Early this year, Russia’s economic forecast predicted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Russian gas giant Gazprom share package to unknown buyer
Russia Russian gas giant Gazprom share package to unknown buyer Gazprom, one of Russia’s largest listed companies, sold 3.6 % of its shares via the Moscow Exchange last week. The offered shares...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Brisk growth in Russian goods trade continues
Russia,economy Brisk growth in Russian goods trade continues The dollar value of goods exports and imports rose by nearly 30 % y-o-y in the first six months of 2016. In the second quarter, import gr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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 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
Putin visits Uzbekistan
Putin visits Uzbekistan President Vladimir Putin visited Uzbekistan this week to extend his condolences for the death of the country’s long-time president Islam Karimov and to meet with Uzbekistan’s ...
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