The Bank of Russia's Business Climate Index (BCI) for December stood at 4.2 points, a decrease from November's 5.0 points, indicating a slower pace of business activity growth compared to the previous month.
Seasonally adjusted price growth increased in November, primarily due to changes in the prices of fruit, vegetables, and mobile communication services.
On December 13, 2024, the Bank of Russia Board of Directors appointed Evgeny Pisarevsky as the Financial Consumer Ombudsman in Insurance, Microfinance, Credit Cooperation, and Credit Institutions’ Operations.
The Bank of Russia has announced plans to extend regulatory easing measures for microfinance organizations (MFOs) and consumer credit cooperatives (CCCs) through December 31, 2025.
Lending activity in November experienced a noticeable slowdown, attributed to high interest rates and banks' cautious approach in managing reduced capital and liquidity.
Bank of Russia Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin are scheduled to participate in a press conference on December 20 at 15:00.
The Bank of Russia has announced changes to its banking regulations, impacting systemically important credit institutions (SICIs) and large corporate borrowers.
Nearly 700,000 individuals participated in the online voting on the Bank of Russia's website to select symbols for the reverse side of a new banknote dedicated to the Volga Federal District.