News
VTB Capital: Industrial production accelerated to 3.4%
cbonds.com
[Cbonds. Info] in all, we see healthier IP growth supporting our forecast of a 25bp hike in the key rates at the CBR's next policy meeting (scheduled for the first half of September), although we do not expect it to last long. Maxim Oreshkin, Daria Isakova VTB
VTB Capital: Russia's trade balance dropped in June on low oil
cbonds.com
[Cbonds. Info] and current balances would remain above the zero mark in However, when and if oil prices decline towards USD 100/bbl, Russia's external balances could once again come under pressure, with RUB following suit. Maxim Oreshkin, Daria Isakova
VTB Capital: Russian GDP YoY growth down to 4.0% in 2Q12
cbonds.com
[Cbonds. Info] down and 3.5% growth for as a whole. We note that Rosstat's first estimate of GDP does not include any breakdown on the constituants of GDP (the first details will be available in mid September). Maxim Oreshkin, Daria Isakova VTB Capital
Russia raises rates to curb inflation as Ukraine crisis bites |...
www.reuters.com
Russia unexpectedly raised interest rates for the second time in two months on Friday and suffered its first credit rating cut in five years, highlighting the...
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