Russia's Minister of Economic Development Maxim Oreshkin said that the ministry retains an estimate of annual inflation in 2019 below 4%. "Our expectations remain below 4%. We see that inflation has …
Russia’s inflation slowed down to 4.7% in June in annual terms from 5.1% in May, the Russian central bank said in a statement, citing the Federal State Statistics Service. Russia’s inflation may speed up to 0.2% in July from …
Russia’s Economic Development Minister Maksim Oreshkin said that annual inflation may slow down swiftly in summer. "We currently see a decline of prices for fruits and vegetables, which is why whether …
Russian households' expectations for inflation fell in May to 9.3% from 9.4% in April, the Russian Central Bank said. The inflationary expectations for the next 12 months fell to 9.3% in May as the influence of an increase of value …
Russia's annual inflation was 5.3% in March, but it has started to decline in April due to a number of temporary factors restraining price hikes, the Russian Central Bank said in a report today. “Annual inflation has …
Inflation will remain near the 4% target in Russia during 2019, director of the Central Bank's department of monetary policy Alexey Zabotkin said. According to Zabotkin, inflation in Russia has slowed thanks to …
The peak of inflation in Russia, apparently, has already been passed, the Chairman of the Central Bank of Russia, Elvira Nabiullina, said on the margins of the IMF-World Bank Spring Meeting in Washington. "But we cannot state this …
The Russian Ministry of Economic Development retained its forecast for inflation in Russia for 2019 at the level of 4.3%, Minister of Economic Development Maksim Oreshkin said. "In general, the situation with …
Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …
The Russian Central Bank expects annual inflation to reach 5.5–6% in January-March and to slow down later in the year without "extreme" divergence from the forecast, the bank's first deputy chairperson Ksenia …
The Russian central bank still expects annual inflation to amount to 5.0–5.5% in 2019, the regulator's spokesperson said, meaning that the target of 4% will not be achieved this year. "The central bank still expects that …
Russians saw virtually no change in their purchasing power as prices outpaced growth estimates in 2018, the country’s chief auditor Alexei Kudrin said. "Citizens’ real incomes increased by decimal …
The Bank of Russia Board of Directors decided to raise the key rate by 0.25 pp to 7.75% per annum today. The regulator said in a press release that the decision taken is proactive in nature and is aimed at limiting inflation risks that …
Russia’s Economic Development minister Maksim Oreshkin said that the ministry expects the oil price to slip to $50 per barrel by 2025-2030 and stay at that level long-term. According to him, this trend is …
Russia's Economic Development Minister Maxim Oreshkin believes that consumer price inflation in Russia may exceed the forecast of 3.4% in 2018 due to exchange rate fluctuations. "Concerning the approved …
The decision of the Russian Central Bank to raise the key rate to 7.5% will practically not affect inflation in 2018, the country's Minister of Economic Development Maxim Oreshkin said. He added that the …
Inflation in Russia will exceed the target of 4% in 2019, but drop again below that level in 2020, Economic Development Minister Maksim Oreshkin said. "Next year the VAT hike will push inflation slightly up above …
Russia’s economy ministry said it expects economic growth to pick up after 2019, moving closer to levels ordered by President Vladimir Putin. The economy ministry said higher oil output by OPEC and non-OPEC …
Russia's current inflation is 2.5%, the VAT hike from 18% to 20% will increase inflation by 1%, Russian Central Bank Governor Elvira Nabiullina told the state Duma. She said that inflation in Russia …
Russia's financial system is much more stable than 10 years ago, Russian Central Bank Governor Elvira Nabiullina told a banking congress in St Petersburg. At the same time she noted that some government measures may …
