Russian Abstract: На сентябрьском заседании Совета директоров ЦБ РФ принял решение об ужесточении денежно-кредитной политики. Ключевая ставка была увеличена на 0,25 п.п....

In September, the Central Bank of Russia’s Board of Directors took a decision to tighten monetary policy. The key interest rate was raised by 0.25 p.p. to 6.75% per annum, the maximum value since December 2019. Such an increase was substantiated by intensified inflationary pressures on the...

Russia's current account surplus was affected considerably by falling exports, whereas imports declined at a slower rate, as compared with the same period previous year. In January–September 2016, net capital outflow in the private sector is reported to be five times less than what it was...

The monetary policy priority for the coming years is to maintain the inflation rate at 4%, according to the Draft Guidelines for the Single State Monetary Policy in 2018 and for 2019 and 2020. Monetary authorities will continue to pursue a moderately tight monetary policy, but the objective of...

Some of Russia's big private banks were faced with the risk of banking license revocation in August–September 2017. The financial resolution of Bank Otkritie and of Binbank was implemented using a new mechanism – The Fund for Banking Sector Consolidation

Russia's current account balance continued to contract in Q3 2017 on the back of stabilizing exports amid rising imports. A financial account surplus was led by foreign capital inflow (FDI) into other sectors, as well as by nonresident purchases of Federal Loan Obligations (OFZs). A double BOP...

In Q3 2020, Russia’s favorable trade balance plunged compared to the same period last year due to a contraction in exports under a relatively stable volume of export deliveries. Nevertheless, despite a combination of the most adverse factors, current account balance remained favorable. Having...

The Bank of Russia Board of Directors meeting on 18 September 2020 left the key rate unchanged at 4.25% per annum thus putting on hold monetary policy easing taking place from the outbreak of the coronavirus pandemic. This decision was due to the effect of short-term proinflationary risks...

In Q2 2020, Russia’s positive trade balance plunged due to a decrease in quantum shipments and export prices on commodities exported by Russia. In April-June, net outflow of capital was observed on the back of priority growth of foreign financial assets of non-oil and gas sector, as well as...

At the end of Q1 2023, the current account surplus shrank almost 4 times compared to Q1 2022 as a result of a reduction in the value of exports and sanctions restrictions. The financial account deficit was shaped influenced by the reduction of foreign liabilities of all sectors of the economy...