Russian Federation: 2008 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

September 22, 2008

Preview Citation

Format: Chicago

Russian Federation: 2008 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed September 27, 2024

Also available in: русский

Summary

The 2008 Article IV Consultation with the Russian Federation highlights that the Russian banking system has proven to be relatively resilient in the face of worldwide turmoil. The central bank is still intervening heavily in the foreign exchange market, and Russia’s banking system is still comfortably liquid with overnight interbank rates at the lower end of the usual trading range. Executive Directors suggested a careful reconsideration of the authorities’ policy stance, so that price developments are not shaped primarily by uncertain external developments that remain beyond the authorities’ control.

Subject: Balance of payments, Current account, External debt, Inflation, Oil prices, Prices, Public debt

Keywords: Broad money, Consultation, Consultation informational annex, CR, Current account, Global, IMF staff project GDP growth, IMF staff representative, Inflation, ISCR, Oil price, Oil prices, Representative, Statement

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/309
Stock No:

1RUSEA2008002
ISBN:

9781451833171
ISSN:

1934-7685

Notes

Also available in Russian

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