The Russian consumer price inflation gained speed in June 2017, up 4.4% from June 2016, which is 0.4 p.p.s above the Bank of Russia's target inflation rate for 2017 and 0.3 p.p.s above the rate seen in May 2017. The price rise was driven basically by the increase, due to adverse weather...

In Q1 2016, inflation slowed down both month-on-month and year-on-year, driven by further decline in internal demand amid a strengthening rouble, as well as due to the high base effect a year earlier. However, expectations for high inflation are still strong, which will stem decline in price...

The BOP (Balance of Payments) statistics for Q1 2016 show considerable shrinkage of the current account surplus due to a decline in exports while imports saw their decline rate slow down. At the same time, the private sector saw capital outflow decrease strongly. As a result, even though the...

Over the period March 2015 – February 2016, the growth rate of prices declined to 8.1%, while the corresponding index for February 2015 – January 2016 amounted to 9.8%. As demonstrated by the results of a survey published by the Bank of Russia, in February the median inflation expectation...

The balance of payments for 2015 shows an increasing surplus in the current account balance, which has resulted from the shrinking deficit in the balance of services, the investment income balance and wages, coupled with the decreasing surplus in the trade balance. The accelerated weakening of...

On March 24, the Bank of Russia decided to reduce its key rate by 0.25 percentage point to 9.75%. The Bank of Russia's intention to continue its moderately rigid monetary policy, in spite of the significant slowdown in real inflation, can be explained by the inertia of inflation expectations, as...

Russian Abstract: Данная работа посвящена изучению информационных аспектов денежно-кредитной политики и анализу влияния информационных сигналов центральных банков на...

Last year, the Bank of Russia pursued conservative monetary policy aimed at reducing inflation. As a result, the inflation was 5.4% (December 2016 compared to December 2015), being significantly lower than it had been in 2015 (12.9% in December 2015 compared to December 2014). It is now the new...

Russian Abstract: Вторая половина марта стала периодом макроэкономической стабилизации, стабилизировались и оценки текущей и ожидаемой экономической динамики в...

Russian Abstract: Данные экономической статистики за апрель продемонстрировали серьезное ускорение спада в годовом выражении как по промышленности в целом (-5,5% к...