Russia's positive balance of trade significantly decreased in Q2 on the back of rapid contraction of exports value compared to imports. Net capital inflow was observed in the sector of federal administrative bodies and private enterprises. Banks were building- up foreign assets and were reducing...

At its June meeting, for the first time this year, the Bank of Russia Board of Directors decided to cut the key rate by 0.25 pp. to 7.5% per annum. Such a decision was motivated by the plunge of annual inflation in April-May 2019 to 5.1%, coupled with weakening inflation risks. The inflation...

Russia's positive balance of trade increased in Q1 2019, compared to the previous years' same period, on the back of decline in imports (a major contributor to the increase) induced by rouble depreciation. BoP data show that residents invested more in foreign assets as well as the OFZ bond...