CBR continued to tighten monetary policy in July
Russia CBR continued to tighten monetary policy in July At its July meeting, the Central Bank of Russia raised the benchmark key rate by 100 basis points to 6.5 %. With Russian consumer prices ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
April output exceeded pre-covid levels in many Russian branches
Russia April output exceeded pre-covid levels in many Russian branches Many parts of the Russian economy posted eye-popping on-year growth figures in April, thanks largely to the low base reference ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Price of Urals oil and Russian ruble continue to strengthen
Russia Price of Urals oil and Russian ruble continue to strengthen The price of a barrel of Urals-grade crude oil has risen over the past month from just over $30 to around $40. The price has now re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Topics at Moscow Gaidar Forum feature future economic growth and national projects
Russia Topics at Moscow Gaidar Forum feature future economic growth and national projects At the annual mega-get-together for economic discussions last week, economy minister Maxim Oreshkin noted th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
One-off payments boost Russian federal budget revenues in November, spending continues to grow
#Russia One-off payments boost Russian federal budget revenues in November, spending continues to grow Budget revenues saw November spikes that lifted revenues significantly relative to November 202...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian households cut back on spending, durable goods most affected
Russia Russian households cut back on spending, durable goods most affected Household spending on goods and services fell by 7 % y-o-y in real terms in the second and third quarters. Household ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian industrial output decreased; consumption continues to make a comeback
Russia Russian industrial output decreased; consumption continues to make a comeback Russian industrial output decreased; consumption continues to make a comeback After relatively mild industrial o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian economic trends remained stable in August
Russia Russian economic trends remained stable in August Primary production, construction and certain industrial branches related to construction and defence (e.g. cement production and metal fabric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian federal budget revenues and expenditures rise; inflation undermines purchasing power
Russia Russian federal budget revenues and expenditures rise; inflation undermines purchasing power Nominal revenues to the federal budget were up by 35 % y-o-y in the first quarter, and were s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Strong growth in bank lending fuels Russian domestic demand
Russia Strong growth in bank lending fuels Russian domestic demand The stock of household loans grew last year by 23 % and the stock of corporate loans by 12 %. Growth in housing loans rem...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian fixed investment developments vary across sectors
Russia Russian fixed investment developments vary across sectors Growth in fixed investments in the first half of this year cooled off to 0.6 % y-o-y, the slowest pace since growth remained at ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic recovery begins to cool
Russia Russian economic recovery begins to cool While Russian GDP recovered to pre-pandemic levels in the second quarter of this year, the pace of recovery in recent months has slowed. The July read...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Growth returns to Russian goods trade
Growth returns to Russian goods trade Fourth-quarter goods imports were up 9 % y-o-y in value terms. Growth was seen in all largest product categories, with highest growth posted for imports of machi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Oil market price volatility calms a bit
Russia Oil market price volatility calms a bit In just a month, the price of Brent crude rose from around $20 a barrel to nearly $35. The current price is now on par with levels in early March, but ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
No revisiting of Russian budget in Duma spring session
No revisiting of Russian budget in Duma spring session Prime minister Dmitri Medvedev announced in his annual speech to the lower-house Duma that the government has no plans to modify this year’s fed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund The Central Bank of Russia’s latest monetary policy programme keeps in place almost all the outcome of its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF holds its China forecast unchanged, but warns of rising risk from slowing growth
IMF holds its China forecast unchanged, but warns of rising risk from slowing growth In its latest World Economic Outlook (WEO) this week, the IMF slightly lowered its July estimate for growth of th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Putin issues decree to speed up construction of Power of Siberia pipeline
Putin issues decree to speed up construction of Power of Siberia pipeline It was hoped that president Putin’s state visit to Beijing last week would give a boost to China-Russia economic relations, b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Exports of Russian pipeline gas down over 10 % last year
Exports of Russian pipeline gas down over 10 % last year The Central Bank of Russia reports that about 175 billion m3 of natural gas were exported last year. Exports to Ukraine were down significantl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Duma takes up bill on granting amnesty for unauthorised capital exports
Duma takes up bill on granting amnesty for unauthorised capital exports Last Friday (Mar. 27), the government submitted to the Duma a bill to release private individuals from liability for illegal ex...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015