据路透社报道，俄罗斯财政部长Anton Siluanov周三告诉总统弗拉基米尔·普京，由于为降低通胀而实施的高利率抑制了借贷，俄罗斯预计2025年经济增长将放缓至1.5%，低于此前预测的2.5%。尽管俄罗斯在2022年入侵乌克兰后实施了多轮西方制裁，但其战争经济在2023年和2024年分别以4.1%和4.3%的速度强劲增长。经济部长马克西姆·雷舍特尼科夫在6月警告称，除非货币政策改变，否则俄罗斯正处于陷入衰退的边缘。俄罗斯自冷战以来最高的军费开支引发了通货膨胀，促使央行在10月份将关键利率提高到21%，这是自2003年弗拉基米尔·普京总统执政初期以来的最高水平。据分析人士称，央行在6月将利率降至20%，然后在7月降至18%，但经济仍受到信贷成本和劳动力短缺的束缚。

Russia expects economic growth to ease to 1.5% in 2025, down from earlier forecasts of 2.5%, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin on Wednesday, as Reuters reported. Russia’s war economy grew robustly at 4.1% in 2023 and 4.3% in 2024, despite multiple rounds of Western sanctions imposed after its invasion of Ukraine in 2022. Economy Minister Maxim Reshetnikov warned in June that Russia was on the brink of slipping into recession unless monetary policy changed. Russia’s highest military spending since the Cold War has stoked inflation, prompting the central bank to raise its key interest rate to 21% in October, the highest level since the early years of President Vladimir Putin’s rule in 2003. The central bank cut the interest rate to 20% in June and then to 18% in July, but the economy is still shackled by the cost of credit and labor shortages, according to analysts.

2025年7月，俄罗斯的失业率连续第二个月保持不变，为2.2%，为历史最低水平，与市场预期相符。这一结果与俄罗斯央行的声明一致，该声明指出，由于俄罗斯军事动员和俄罗斯经济能力下降，劳动力短缺。

The unemployment rate in Russia was unchanged from the second consecutive month at 2.2% in July of 2025, the lowest on record, and matching market expectations. The result was in line with statements from the Central Bank of Russia, flagging shortages in the labor force due to the Russian military mobilization and the reduced capacity of the Russian economy.

俄罗斯央行储备从之前的6864亿美元增至6865亿美元。俄罗斯央行储备从之前的6864亿美元增至6865亿美元

Russia Central Bank Reserves $ rose from previous $686.4B to $686.5B.Russia Central Bank Reserves $ rose from previous $686.4B to $686.5B

俄罗斯央行在通胀风险下发出利率灵活性信号。一位央行官员告诉一家俄罗斯报纸，如果通货膨胀迅速放缓，今年的关键利率可能会进一步下降。央行的预测不排除在年底前将利率保持在18%。

Russian central bank signals flexibility on rates amid inflation risks.A central bank official told a Russian newspaper that the key rate may fall further this year if inflation slows quickly. The central bank's forecast does not rule out keeping the rate at 18% until the end of the year.