Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish
Russia Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish The price of Urals-grade crude oil declined by 30 % in October and November, from above 85 dollars a barrel to und...
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
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
Russian unemployment falls to record post-Soviet low
Russia Russian unemployment falls to record post-Soviet low Russian unemployment was already low, with nearly all skilled workers having jobs prior to the invasion of Ukraine. Labour demand started ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Transient factors accounted for some of India’s recent robust GDP growth performance
India,BOFIT Weekly Review Transient factors accounted for some of India’s recent robust GDP growth performance Latest data show that Indian GDP in July-September grew 8.2 % y-o-y. Private consumptio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Ukraine will receive significant funding from G7 loan program based on proceeds from frozen Russian assets this year
Ukraine,economy,BOFIT Weekly Review Ukraine will receive significant funding from G7 loan program based on proceeds from frozen Russian assets this year Ukraine’s largest source of external funding ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
China posted strong export performance last year; fossil fuels represent a large share of imports
China,economy,BOFIT Weekly Review China posted strong export performance last year; fossil fuels represent a large share of imports China Customs reports that the dollar value of China’s goods expor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Sanctions push CBR to adjust its ruble exchange rate policy
Russia Sanctions push CBR to adjust its ruble exchange rate policy The Central Bank of Russia abandoned its nominal exchange rate target and allowed the ruble to float freely in November 2014. The r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian federal budget revenues and spending recover, but are still at a low level
Russia Russian federal budget revenues and spending recover, but are still at a low level Russian federal budget revenues and spending recover, but are still at a low level Second-quarter revenues ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian GDP growth remains positive
Russian GDP growth remains positive Rosstat's first estimate shows 0.5 % y-o-y GDP growth in the first quarter. The growth pace supports earlier reports from the economy ministry and central bank...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian central bank lowers key rate again
Russian central bank lowers key rate again At its regular meeting on April 28, the Central Bank of Russia Board decided to lower the key rate by 50 basis points to 9.25 %, effective May 2. The CBR ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Change in the law pushes millions of Russians into Mir payment cards
Change in the law pushes millions of Russians into Mir payment cards At the start of the week, president Putin signed legislative amendments, whereby wages paid from government budgets and many socia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian foreign trade and capital outflow increased sharply in first quarter
Russian foreign trade and capital outflow increased sharply in first quarter Preliminary balance-of-payment figures from the Central Bank of Russia indicate that the dollar value of Russian goods and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
President Tokayev consolidates power in Kazakhstan
Russia President Tokayev consolidates power in Kazakhstan Rising fuels prices at the beginning of January ignited a wave of protests across Kazakhstan. To bring the violent protests under control, P...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter Russian third-quarter GDP was up by 4.3 % y-o-y and up by 0.6 % from two years previo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian employment numbers rose, while unpaid leave and part-time work increased
Russian employment numbers rose, while unpaid leave and part-time work increased Despite recession, Rosstat’s employment survey finds the number of people employed declined just modestly in 2015 and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR leaves key rate unchanged
CBR leaves key rate unchanged The Central Bank of Russia’s regular board meeting on December 16 decided to keep the key rate at 10 %, where it has remained since September. As of end-November, 12-mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR leaves key rate unchanged
CBR leaves key rate unchanged On October 28, the board of the Central Bank of Russia decided to keep its key rate at 10 %, where it has been since September 19. The CBR reiterated that no further rat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016