When selling electronic compulsory motor third-party liability insurance (CMTPLI) policies, insurers must allow consumers to specify engine power in either kilowatts or horsepower, as indicated in the consumer's documents.
December 2024 recorded a rise in one-year-ahead household inflation expectations, increasing to 13.9% from 13.4% in November, according to the InFOM survey.
The latest edition of the Russian Journal of Money and Finance for 2024 has been released, focusing on the role of central banks' communication in shaping market expectations.
The Bank of Russia has announced the cancellation of the effective interest rate (EIR) limit for consumer loans, including microloans, from January 1 to March 31, 2025.
Banks in Russia will soon be required to impose a two-day suspension on client orders for digital ruble transactions if there are indications of fraud.
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.
The Bank of Canada's Governing Council held a series of meetings starting December 6, 2024, to deliberate on the monetary policy decision announced on December 11, 2024.
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.