Russia Industrial Production YoY
Industrial production in Russia is a measure of the output of firms that are incorporated into the industrial sector of the economy. Accounting for 55% of total production, manufacturing is the most important industry. Metallurgy (9.6%), coke and refined petroleum products (9.5%), food, beverages, and tobacco (8.4%), chemicals (4%), machinery and equipment (3.8%), transportation (3.7%), and electrical equipment (3.4%) are the most important manufacturing segments. Production from mining and quarrying accounts for 35% of overall output, with natural gas and crude oil exploration accounting for 29%. In addition, electricity, gas, and water distribution account for 11% of total expenditure.
A higher than expected figure should be seen as positive (bullish) for the RUB while a lower than expected figure should be seen as negative (bearish) for the RUB.
Forex Sentiment (RUB)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDRUB |
|
|
89.5670 -27030 pips |
0 +922700 pips |
92.27000 |
News (RUB)
Bank Of Russia Hikes Rate By 100 Bps
Russia's central bank raised its benchmark rate by 100 basis points on Friday and maintained a hawkish bias as proinflationary risks are assessed to be substantial and the economy exhibits faster than previously envisaged growth. The board of directors of Bank of Russia, headed by Elvira Nabiullina, decided to lift the key rate by 100 basis points to 16.00 percent.
RTTNews | 133 days ago
Russia Central Bank Adopts Bigger-Than-Expected Rate Hike To Fight Inflation
The Bank of Russia raised its benchmark rate by a bigger-than-expected 200 basis points on Friday as inflationary pressures moved significantly above expectations. The board of directors headed by Elvira Nabiullina decided to lift the key rate to 15.00 percent from 13.00 percent. Markets were anticipating a 100 basis point increase.
RTTNews | 182 days ago
Russia Central Bank Lifts Key Rate By 100 Bps
Russia's central bank delivered another sharp interest rate hike on Friday, citing crystallizing significant proinflationary risks. The board of directors of the Bank of Russia decided to raise the key rate by 100 basis points to 13.00 percent. The outcome of the meeting widely matched the expectations.
RTTNews | 224 days ago
