Free Trial

CBR Sees Russia Returning to Growth in 2024

RUSSIA
  • The CBR’s monetary policy report released late yesterday showed the bank sees a recession bottoming out in Q3 this year, seeing a total decline in growth of 4.5 - 6.5% across the calendar year. Next year, the bank sees the economy shrinking 3% before returning to growth in 2024. Their baseline sees no news sanctions pressure from the West, but admits this remains a risk to the outlook.
  • Kommersant writes that corporate borrowers in Russia raised close to RUB 200bln across July, the best month for bond placements across 2022.
  • Brokers have submitted proposals to regulators and banking authorities on measures to install to protect retail investors. According to a report in Vedomosti, brokers remain against a ban on the purchase of foreign stock and equities.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.