Higher oil prices lift ruble’s exchange rate
Higher oil prices lift ruble’s exchange rate The rising price of Urals-grade crude oil since January has also boosted the ruble’s exchange rate. On Thursday (Apr. 7) the price of Urals crude was $36....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Cheap oil hurts ruble
Cheap oil hurts ruble The recent slide in crude oil prices has again affected the Russian ruble’s external value. The price of Urals-grade crude oil has fallen by nearly 25 % since mid-October. Today...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Improved profitability of Russian firms early this year gave support to paying down foreign debt
Improved profitability of Russian firms early this year gave support to paying down foreign debt Even entering recession, corporate sector profits relative to GDP in the early months of this year soa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR lowers key rate again
CBR lowers key rate again Effective Monday (Aug. 3), the key rate was lowered a half percentage point to 11 %. The Central Bank of Russia stated that the weak economy justified a further rate cut, a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Loan stock growth stalls for Russian banking sector
Loan stock growth stalls for Russian banking sector The stocks of both corporate loans and loans granted to households contracted in the first four months of this year. SMEs, in particular, found it...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian inflation remained moderate
Russia Russian inflation remained moderate February consumer prices were up by 2.3 % y-o-y. Inflation slowed slightly from the January pace of 2.4 %. Much of the drop can be attributed to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Tourism accounts for nearly half of Russian services imports
Tourism accounts for nearly half of Russian services imports Services imports to Russia in 2014 were $121 billion or €91 billion (28 % of total imports). The EU provided 46 % of services imports, AP...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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Bofit.fi / Bofit homepage / Monitoring / Weekly Review
Russian ruble has strengthened substantially
Russia Russian ruble has strengthened substantially Before Russia’s invasion of Ukraine in late February, the ruble-dollar exchange rate stood at about 75 rubles to the dollar. The ruble initially p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery in Russian fixed investment
Russia Recovery in Russian fixed investment Recovery in Russian fixed investment The volume of fixed investmentrose by well over 6 % y-o-y in the second quarter. For the first half, growth was near...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ruble exchange rate fluctuations in recent weeks fairly muted compared to the huge swings in oil prices
Russia Ruble exchange rate fluctuations in recent weeks fairly muted compared to the huge swings in oil prices Recent weeks have seen large daily moves in oil prices. For example, the price of Urals...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China's vehicle exports shift into high gear
BOFIT Weekly Review,China,economy,BOFIT China's vehicle exports shift into high gear Chinese car production this year rose to a cumulative 15 million vehicles, of which roughly 5.3 million were ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Russian federal budget revenue streams at low level; spending continues to rise
Russia Russian federal budget revenue streams at low level; spending continues to rise As in September, nominal federal budget revenues dwindled by about 4 % a year in October. Even though the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Moderate rise in Russian government spending
Russia Moderate rise in Russian government spending Revenues to Russia’s consolidated budget (federal, regional and municipal budgets plus state social funds) in the first half of this year were up ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian president tours East Asia
Russia Russian president tours East Asia On April 25, Vladimir Putin hosted North Korea’s leader Kim Jong-un in Vladivostok. He then continued to Beijing to participate in the Belt and Road Forum wh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Credit rating agency Moody’s upgrades Russian sovereign debt
Russia Credit rating agency Moody’s upgrades Russian sovereign debt On February 8, Moody’s upgraded Russia’s credit rating score by a notch from Ba1 to Baa3, its tenth-best rating score. Bonds in th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR raises key rate and announces resumption of the fiscal-rule forex buying in January
Russia CBR raises key rate and announces resumption of the fiscal-rule forex buying in January The Central Bank of Russia decided to raise the key rate by 25 basis points to 7.75 %. The increas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Robust increase in Russian government revenues, substantial budget surpluses
Russia Robust increase in Russian government revenues, substantial budget surpluses Revenues to the consolidated budget (federal, regional and local budgets, plus government social funds) in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth in Russian government sector spending accelerates
Russia Growth in Russian government sector spending accelerates Expenditures of the consolidated budget (federal, regional and municipal budgets, plus state social funds) increased in the third quar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Higher oil prices drove growth in earnings from Russian goods exports in first half
Russia Higher oil prices drove growth in earnings from Russian goods exports in first half The value of goods exports (measured in dollars) was up by 27 % in the first half of this year compared to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018