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
Further tightening of Russian regional budgets
Further tightening of Russian regional budgets Nominal regional budget revenues in January-July 2016 were unchanged from January-July 2015. Transfers from the federal budget to regional budgets fell ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian central bank lowers key interest rate
Russian central bank lowers key interest rate At its monthly meeting last Friday (June 10), the Central Bank of Russia’s board of directors voted to lower the key rate by 50 basis points to 10.5 %. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Declining ruble exchange rate has sharply lowered external value of wages in all branches
Declining ruble exchange rate has sharply lowered external value of wages in all branches The average monthly Russian wage between April 2015 and March 2016 was €500. In manufacturing, it was about €...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian export earnings and import spending continue to fall
Russian export earnings and import spending continue to fall Preliminary balance-of-payments figures from the Central Bank of Russia show export earnings from goods and services fell by a third in th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Statistical reforms provide improved picture of Russian household spending
Russia Statistical reforms provide improved picture of Russian household spending New figures show that the large contraction in real household incomes of recent years was a little milder than ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian growth in the past couple of years driven largely by extractive sector, trade and public administration
Russia Russian growth in the past couple of years driven largely by extractive sector, trade and public administration New GDP data show that among the largest sectors output of extractive industrie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth in Russian industrial output revived in February
Russia Growth in Russian industrial output revived in February Industrial output growth rose to 2.6 % y-o-y in January-February. The figure moved up towards the growth figure for all of 2018. E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian government releases new guidelines for national projects
Russia Russian government releases new guidelines for national projects As part of his inaugural decrees in May 2018, president Putin set forth twelve national priority areas and a handful of infras...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian retail sales up overall, but growth has slowed in recent months
Russia Russian retail sales up overall, but growth has slowed in recent months The volume of retail sales last year grew by 2.6 % y-o-y. The pace of growth varied during the year, however, slowing t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Only minor changes in value of China’s currency reserves since 2016
China Only minor changes in value of China’s currency reserves since 2016 At the end of January, the value of the People’s Band of China’s total official foreign reserve assets was 3.186 trillion do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy’s growth rate accelerated in 2018
Russia Russian economy’s growth rate accelerated in 2018 Rosstat’s first GDP growth estimate for all of 2018, released on Monday (Feb. 4), surprised both Russian and foreign analysts. Rosstat estima...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rosstat released revised figures for GDP and domestic demand in 2016 and 2017
Russia Rosstat released revised figures for GDP and domestic demand in 2016 and 2017 Rosstat’s revised figures for 2017 GDP released in December slightly increase reported growth from 1.5 % to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Proposal on stricter import control for Russian state-owned enterprises
Russia Proposal on stricter import control for Russian state-owned enterprises The proposal is related to an amendment approved at the end of 2017 that will enter into force at the beginning of July...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian household consumption recovers
Russia Russian household consumption recovers Private consumption began to recover last year, increasing in real terms by about 3.5 % y-o-y after declining by a total of 12 % over the previous two y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian government places two Eurobond issues
Russian government places two Eurobond issues Last week the finance ministry placed 11-year and 30-year Eurobond issues worth a total of 4 billion dollars. The 11-year bond carries an initial yield o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Rosstat releases latest quarterly GDP figures for this year
#Russia Rosstat releases latest quarterly GDP figures for this year Rosstat’s latest batch of economic figures show Russian GDP contracted by 3.7 % y-o-y in the third quarter. The preliminary e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Wages in Russian industry recover to pre-recession top levels
Russia,economy Wages in Russian industry recover to pre-recession top levels Between 2014 and mid-2016, wages in Russian industry declined relative to many countries on the ruble's sharp devalua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Increase in area of land classed as Russian arctic – with much less budget funding
Russia,economy Increase in area of land classed as Russian arctic – with much less budget funding At end-June, the northern and northeastern parts of the Karelian Autonomous Republic were recognized...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017