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of
Russia’s assessment, fixed capital investment
in 2020 Q4 increased quarter-on-quarter (SA).
As assessed by the Bank of Russia, fixed capital
investment contracted by
4.2 3.9-5.9 3.0-5.0 2.5-4.5
– gross fixed capital formation -6.2 3.2-5.2 2.4-4.4 2.5-4.
of temporarily available budgetary funds raise Bank of Russia loans at a fixed interest
over this period. This was the reason why the rate and
smaller than could have been expected, given a
substantial rise in uncertainty. Fixed investment dropped 4.1% in January–September 2020.
We expect investment growth
other
Retail trade
Imports
Transport
Exports Construction
Changes in inventories Agriculture
Gross fixed capital formation Manufacturing
Final consump. of the general government Mining
Final consumption
2021) (04.2021)
3. Interest rates
the next working day after being fixed
3.1. Bank of Russia Key rate
by the Board of Directors
639
17.02.2021
ratios in the range of 0% to 20%, instead of the current fixed risk ratio of 0%.
For the purposes of making loss provisions, government
4 2.4 -1.2 -3.6 -1.7
Cumulative, % 2020 Q
Fixed capital investment YoY 3
-4.1 0.2 -3.3 -6.9