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noted that the ruble strengthening, which contributed significantly to
disinflation, could not be fully attributed to the effects of monetary policy.
The ruble exchange rate
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27.06.2025
of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top 10 credit institutions2 attracting the largest amount of household
5373
27.06.2025
noted that the ruble strengthening, which contributed significantly to disinflation, could not be fully attributed to the effects of monetary policy. The ruble exchange rate
5374
26.06.2025
of NWF resources spent to finance the budget deficit beyond the fiscal rule for 2024 (Р1,300.0 billion). The specified amount assumes sales worth
with risky behaviour of financial market participants and their
clients. As a rule, these vulnerabilities occur during the upward phase of the credit cycle, which
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23.06.2025
inflow of individuals’ funds into banks was mostly accounted for by time ruble deposits.
More details are available in the new information and analytical commentary
of the ruble; ‘-’ – appreciation of the ruble.
Sources: Moscow Exchange, Bank of Russia calculations.
The real effective exchange rate (REER) of the ruble calculated against
to the disinflationary effects of a high key rate and a stronger ruble,
including household appliances and electronic devices, continued to cheapen in May. Sugar
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20.06.2025
The economy has been gradually returning to a balanced growth path. The ruble strengthening, largely associated with tight monetary policy, has also been contributing to