Inflation in Russia stood at 4.3% at 2018 year end, posting an increase of 0.3 percentage points over the central bank's target inflation rate and of 0.1 percentage points over its preliminary forecast. Early 2019 saw prices continue to heat up: consumer prices and services rose 0.7% in the...

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...

Russian Abstract: Работа посвящена оценке степени жесткости цен в российской экономике. Сначала в работе проведен обзор теоретических моделей жесткого...

In 2019, a sharp and largely unexpected slowdown in inflation led to a significant easing of monetary policy. Over the course of that year, the Bank of Russia reduced its key rate five times: four times by 0.25 percentage points on June 14, July 26, September 6, and December 13; and by 0.5...

The peak of economic shock resulted from the first wave of COVID-19 has already passed in many countries, and currently, the focus of economic policy is shifting towards recovery. In the context of a gradual resumption of business activity and stabilization in financial markets, the authorities...

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...

Russian Abstract: В условиях ужесточения денежно-кредитной политики в развитых странах существенно возрастает значимость премии за риск как фактора, определяющего...