The Central Bank of Russia published an update in its Monitoring of Sectoral Financial Flows review indicating that incoming payments processed via the Bank of Russia continued to rise rapidly in January, up 8.8% versus the average level in the fourth quarter of 2024. The increase was observed across all industry groups, with the largest gains in investment demand-oriented sectors. The central bank noted that the flow dynamics point to notable economic growth at the start of 2025, while also flagging that in some sectors part of the rise may reflect deferred payments moving into early January and the impact of longer New Year holidays.
Central Bank of Russia 2025-02-06
Central Bank of Russia reports 8.8% rise in incoming payments via its systems in January signalling broad-based growth
The Central Bank of Russia reported an 8.8% increase in incoming payments processed in January compared to the fourth quarter of 2024, as part of its Monitoring of Sectoral Financial Flows review. The rise was most significant in investment demand-oriented sectors, suggesting notable economic growth at the start of 2025. The bank also noted that some of the increase might be due to deferred payments and the extended New Year holidays.