Russia Inflation Rate YoY
Russia's consumer price index has two major categories: food and non-alcoholic beverages (30% of the overall weight), and transportation (14% of the total weight). Clothing and footwear (11%), housing, water, electricity, gas, and other fuels (11%), recreation and cultural activities (6%), alcoholic beverages and tobacco goods (6%), and household appliances (6%) are also included in the index (6%). 16% of the total weight is accounted for by the following sectors: health, communication, education, hotels, restaurants, and other products and services.
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 |
|
|
0 -835066 pips |
88.6463 -51397 pips |
83.50658 |
News (RUB)
Russia Central Bank Cuts Rate By 100 Bps
Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 10 days ago
Russia Slashes Interest Rates Again On Easing Price Pressures
Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.
RTTNews | 59 days ago
Russia Holds Key Interest Rate As Expected
The Bank of Russia left its interest rate unchanged as widely expected on Friday, despite high inflationary pressures. The board of directors, governed by Elvira Nabiullina, maintained the key interest rate at a record high 21.00 percent. The Russian central bank has raised the key interest rate by 1,350 basis points since July 2023.
RTTNews | 150 days ago
