The Bank of Russia published its July 2026 reserve data on August 7, showing total international reserves nearly flat at US$720.3 billion, down 0.01 percent from June; monetary gold fell 2.05 percent to US$292.854 billion on revaluation; the ruble was set at 81.41 per US dollar and 94.06 per euro for August 7
The Bank of Russia's July 'Regional Economy' report, released in early August, found that Russian consumers have shifted to more rational spending patterns: more frequently splitting large purchases into installments, actively seeking discounts, and substituting cheaper goods for their usual brands; analysts cite the elevated key rate as the driver, with the MOEX index expected to resume its recovery in the week of August 3
The board eased just 25bp against a 50bp consensus, citing a fuel-price spike and a war budget that keeps policy tight