AnalysisEconomy
Russia's growth forecasts fell sharply, but 0.4% is no longer the government's latest estimate
The ministry's May downgrade was followed by a modest September upgrade, while other forecasters still see a weak expansion.
Coverage
Ruble & Monetary Policy
Follow the Russian ruble, consumer prices and Bank of Russia policy. This section explains exchange-rate movements, interest-rate decisions, inflation expectations and the channels connecting them to loans, deposits and imports. Historical comparisons and tool guides help separate official reference rates from transaction prices, and annual inflation from other price measures. Each figure carries the context needed to interpret it.
AnalysisRuble
Russia's cash stock reaches 22.8 trillion rubles as banknotes drive the increase
Official data put cash in circulation at 22.7843 trillion rubles on October 1, 2026, with banknotes accounting for almost all the increase.
NewsRuble
Bank of Russia holds at 14% as inflation delays further easing
The October 23 decision left borrowing costs unchanged and raised the projected rate path for 2027, despite weak economic growth.
AnalysisMarkets
Russia’s reserves edge down to $723.2 billion as the weekly decline slows
The Bank of Russia’s October 16 balance shows a much smaller fall, but the headline total cannot identify the transactions behind it.
AnalysisBanking
Russian banks report tighter business lending conditions even as loan rates ease
Bank of Russia survey data show tighter business credit conditions in the third quarter of 2026 despite easing rate terms, with more restructuring demand.
NewsRuble
Russia’s one-year inflation expectations fall to 13.2% as longer-term expectations rise
Russia’s October household survey shows lower one-year inflation expectations but a higher five-year reading. Here is what the diverging figures mean.
AnalysisRuble
Russia's September inflation reaches 6.35 percent ahead of October rate meeting
Final monthly CPI and the central bank's underlying measures describe persistent pressure without determining the next policy decision.
ExplainerRuble
Russia's capital controls: currency rules and what changed
Export proceeds, bank transfers, banknotes and investor accounts follow separate rules and effective dates.
NewsRuble
Russia's official dollar rate falls as October currency purchases increase
The ruble strengthened slightly between the official rates effective September 17 and October 17, while the budget-rule announcement set out larger planned currency purchases.
ExplainerRuble
The digital ruble explained: what launched and how the rollout works
Broader digital-ruble access began in September 2026, but the legal timetable, voluntary use and later bank and retailer deadlines remain separate questions.
AnalysisRuble
Russia's rate hold puts inflation expectations and the budget in focus
The Bank of Russia's September hold left the key rate at 14%; later price and expectations releases sharpen the questions before the scheduled October 23 meeting.
ExplainerEconomy
Russia's economic crises: 1998, 2008, 2014, 2020 and 2022 compared
Russia's major shocks differed in origin, financing conditions and policy response; annual data reveal their timing but do not make them equivalent.
ExplainerRuble
Russia's inflation history: from the 1990s to 2026
Russia's price history includes market transition, currency crises and renewed inflation, but comparing those episodes requires the same index and the right endpoints.
ExplainerRuble
How the Bank of Russia sets its key rate and why it matters
The key rate influences credit, deposits and demand, but its effect on inflation depends on expectations, fiscal policy and the economy's ability to supply goods.
ExplainerRuble
The Russian ruble explained: what sets its value and moves it
The ruble floats, but interest rates, export receipts, restrictions and payment channels influence both its official value and the rate customers receive.