Russia GDP Growth Rate YoY
As well as being one of the world's largest producers of oil and natural gas, Russia is also a major supplier of metals, including steel and primary aluminum. On the output side of the economy, services are the most important sector, accounting for 58% of total GDP. The most important segments of the services sector are wholesale and retail trade (17% of total GDP), public administration, health, and education (12%). In terms of total output, industry accounts for 40%, with agriculture accounting for the remaining 2%.
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 -981508 pips |
88.6463 +95045 pips |
98.15084 |
News (RUB)
Russia Central Bank Unexpectedly Holds Key Rate
Russia's central bank left its benchmark interest rate unchanged on Friday, confounding expectations for a sharp hike.
RTTNews | 1 day ago
Russia Hikes Interest Rate By 200 Bps; Signals Another Hike
Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 21.00 percent from 19.00 percent.
RTTNews | 57 days ago
Russia Hikes Key Rate Unexpectedly By 100 Bps
The Bank of Russia lifted its benchmark rate by 100 basis points on Friday as inflationary pressures remained elevated and domestic demand expanded significantly. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 19.00 percent from 18.00 percent. This was the second consecutive rate hike. The bank was expected to maintain status quo.
RTTNews | 99 days ago
