The Bank of Russia on 11 December 2015 decided to keep the base interest rate unchanged at 11%, thus indicating that the bank will not move forward with easing monetary policy. Russia's Central Bank on 14 December resumed 12-month foreign exchange repo auctions with a view to pushing down demand...

The Bank of Russia medium-run monetary policy course is to remain unchanged: the regulator will continue its efforts to bring the inflation rate down to 4% in 2017. This follows from the draft of the Guidelines for the Single State Monetary policy in 2016 and for 2017 and 2018. For this goal to...

Russia's balance of payments data for Q3 2015 show a considerable decline in her current account balance. In monetary terms, the decline in imports during Q3 was faster than that in exports (relative to Q3 2014). By comparison with Q2 2015, it even demonstrated a slight increase, notwithstanding...

Russian Abstract: Начавшееся в апреле и продолжившееся в мае снижение темпов инфляции в годовом выражении связано с одновременным действием нескольких факторов –...

Russian Abstract: В работе проведено исследование факторов дифференциации региональных уровней цен и темпов инфляции в разрезе субъектов РФ. Закон единой цены на...

Russian Abstract: Несмотря на почти двукратное падение цен на нефть, торговое сальдо в I кв. сократилось не так сильно, как это случилось, например, в начале 2009 г. Масштабы...

Russia's current account balance went negative in Q2 2017 due to a growth in imports of goods driven by a strengthening Russian rouble, seasonal growth in imports of services and investment income payments amid stagnating exports of goods after the rising oil price trend grinded to a halt....

In 2016, the Bank of Russia implemented a conservative monetary policy aimed at mitigating inflation. Commercial banks decreased their demand for central bank refinancing as the Reserve Fund was spent, in which case the central bank had to employ a set of instruments to prevent an increase in...

Global financial markets are being dominated by upbeat sentiments in the face of official statistics that show major economies are slowing. Market volatility in developed countries is on the slide as the attractiveness of developing countries' assets is on the rise. However, economic agents'...

In Q1 2017, the current account surplus increased significantly due to rising exports alongside a slower growth in imports. Growth of the positive current account balance was the main factor behind the ruble's strengthening. At the same time, net capital outflow from the private sector also...