Key facts
- Russia's foreign exchange intervention increased to 208.2 billion rubles in June.
- This is a rise from 110.3 billion rubles in May.
- Russia's monthly GDP growth slowed to 1.3% in April.
- April's GDP growth was a decrease from 1.9% in March.
- Russia's business confidence improved in May, rising to -1 from -3.2.
Russia's foreign exchange intervention significantly increased in June, reaching 208.2 billion rubles. This figure represents a substantial rise compared to the 110.3 billion rubles recorded in May, indicating heightened central bank activity in managing the currency's value. Concurrently, Russia's monthly GDP growth for April registered at 1.3%, a deceleration from the 1.9% growth observed in March. This suggests a potential slowdown in economic activity alongside the increased currency management operations. Additionally, Russia's business confidence improved in May, rising to -1 from a previous reading of -3.2.