CBR lowers key rate
CBR lowers key rate Effective Tuesday (May 5), the Central Bank of Russia lowered its key interest rate by 1.5 percentage points to 12.5 %. It was the third rate cut this year. The central bank said ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR cuts key rate to 14 %
CBR cuts key rate to 14 % Last Friday (Mar. 13), the Central Bank of Russia cut its key rate one percentage point on the heels of its February lowering to 15 %. With risks of weaker economic growth s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR surprises with 2 p.p. cut in key rate
CBR surprises with 2 p.p. cut in key rate The key rate was lowered to 15 % starting from Monday (Feb 2). The Central Bank of Russia said the rate cut was possible because its 6.5-percentage-point inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Contractions in Russian exports and imports intensified
Contractions in Russian exports and imports intensified Preliminary CBR balance-of-payments figures show export earnings on goods and services in the fourth quarter of 2014 fell 19 % in dollar terms ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian interest rates surged late last year
Russian interest rates surged late last year In order to calm inflation and capital exports, the Central Bank of Russia last year raised its key rate (the 7-day repo credit rate) six times. Over the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian growth overall slows, in some branches and regions output has declined
Russia,economy,BOFIT Weekly Review Russian growth overall slows, in some branches and regions output has declined Preliminary Rosstat estimates show Russian GDP grew by 1.4 % y-o-y in the first quar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian government budget revenues and spending at high levels; deficit vanishes
Russia Russian government budget revenues and spending at high levels; deficit vanishes Russia saw the pace of budget revenue growth accelerate further in the third quarter, i.e. a more than 40 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian pensioners and select public sector workers receive notable one-time stimulus payments this month
Russia Russian pensioners and select public sector workers receive notable one-time stimulus payments this month On August 24, president Vladimir Putin decreed a one-time stimulus payment to pension...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Recovery of Russian economy continues
Russia Recovery of Russian economy continues Russia’s Ministry for Economic Development estimates that GDP grew in March by 0.5 % y-o-y, while GDP was still down by over 2 % y-o-y in Janua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian manufacturing shrank 5 % last year
Russian manufacturing shrank 5 % last year The production of basic necessities seems to be performing best among manufacturing branches. The ruble’s devaluation has boosted prices of imported goods, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian industrial output grew at a moderate pace last year
Russia Russian industrial output grew at a moderate pace last year Industrial output in 2018 was up 2.9 % from the previous year. However, seasonally-adjusted time series have shown little indicatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Uneven development in Russian regions last year
Russia Uneven development in Russian regions last year Uneven development in Russian regions last year While Russian industrial output and retail sales overall grew by about 1 % last year, industri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
EU ban on imports of Russian coal goes into effect
Russia EU ban on imports of Russian coal goes into effect The EU’s ban on imports of Russian coal entered into force on August 10. The EU decision to ban Russian coal, which was made last April, inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian oil production volumes fell in April
Russia Russian oil production volumes fell in April The International Energy Agency (IEA) reports that Russian crude oil output averaged around 10 million barrels a day in the first three months of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian firms give low marks to government agencies with respect to business environment improvement
Russia Russian firms give low marks to government agencies with respect to business environment improvement Problems in public administration present a long-standing barrier to improving the busines...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New OPEC+ agreement on oil production ceilings fails to calm markets
Russia* New OPEC+ agreement on oil production ceilings fails to calm markets At a meeting on Monday (Apr. 12) of the OPEC+ group of oil-producing countries (led by Saudi Arabia and Russia), the part...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New sanctions reduce export price of Russian oil
Russia,BOFIT Weekly Review New sanctions reduce export price of Russian oil In late October, the United States placed Russia’s two largest oil producers, state-owned Rosneft and privately-held Lukoi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian fixed investment continue reasonable recovery, with further weight on oil and gas
Russia Russian fixed investment continue reasonable recovery, with further weight on oil and gas The volume of fixed investment in the first quarter, which rose by 3.6 % from the same period last ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Modest growth in Russian industrial output continues
Russia Modest growth in Russian industrial output continues The volume of industrial output rose by 2.4 % y-o-y in November. The pace of growth was in line with the industrial output trend of s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Revenue boom of Russian federal budget begins to normalise
Russia Revenue boom of Russian federal budget begins to normalise After climbing by nearly 30 % last year in nominal terms, budget revenues rose another 13 % y-o-y in the first quarter of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019