Bank of Russia reports slower growth in business activity for May

Elvira Nabiullina Governor of the Central Bank of Russia
Elvira Nabiullina Governor of the Central Bank of Russia
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The Bank of Russia’s Business Climate Index reached 1.7 points in May after recording 2.1 points in April, according to a May 26 release from the central bank. Companies reported improved current demand estimates compared to the previous month, but their expectations for output and demand over the next three months became more modest.

Business price expectations dropped noticeably month on month, falling on average below the levels seen in 2024 and 2025. The central bank stated that further details are available in its May issue of Monitoring of Businesses.

According to the official website, the Bank of Russia serves as the sole issuer of the Russian ruble and manages national cash circulation, with cash in circulation reaching 18.6 trillion rubles as part of its currency management. The Bank operates as a legally independent entity with federal property and exercises monetary authority apart from other government bodies, aiming to promote financial and price stability while fostering a competitive financial market under leadership that includes a governor and deputy governors alongside specialized departments,according to the official website.

The Bank also publishes various official documents such as annual reports and financial analyses for public access.



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