All central banks

Europe

Bank of Russia

Too few recent speeches for a current tone.
Speeches
39
First speech
Jun 4, 2007
Latest speech
Dec 17, 2021
Tone vs coming rate moves
Not tested
too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
DateSpeechTone
Dec 17, 2021

Elvira Nabiullina

+0.18
Nov 18, 2021

Elvira Nabiullina

+0.09
Oct 22, 2021

Elvira Nabiullina

+0.28
Oct 6, 2021

Alexey Zabotkin

+0.08
Sep 22, 2021

Elvira Nabiullina

+0.35
Jul 23, 2021

Elvira Nabiullina

+0.22
Jun 30, 2021

Elvira Nabiullina

+0.07
May 28, 2021

Elvira Nabiullina

+0.24
May 27, 2021

Elvira Nabiullina

โˆ’0.05
Apr 23, 2021

Elvira Nabiullina

+0.30
Feb 18, 2021

Elvira Nabiullina

โˆ’0.18
Feb 12, 2021

Elvira Nabiullina

+0.09
Dec 18, 2020

Elvira Nabiullina

+0.23
Dec 8, 2020

Elvira Nabiullina

โˆ’0.01
Dec 3, 2020

Elvira Nabiullina

โˆ’0.09
Sep 18, 2020

Elvira Nabiullina

โˆ’0.00
Sep 3, 2020

Elvira Nabiullina

โˆ’0.24
Apr 24, 2020

Elvira Nabiullina

โˆ’0.09
Dec 13, 2019

Elvira Nabiullina

โˆ’0.04
Sep 6, 2019

Elvira Nabiullina

โˆ’0.00
Jun 14, 2019

Elvira Nabiullina

โˆ’0.02
May 30, 2019

Elvira Nabiullina

โˆ’0.04
Mar 22, 2019

Elvira Nabiullina

+0.14
Dec 14, 2018

Elvira Nabiullina

+0.16
Jul 13, 2017

Elvira Nabiullina

+0.04
Jun 9, 2017

Elvira Nabiullina

โˆ’0.06
Apr 20, 2017

Elvira Nabiullina

โˆ’0.11
Apr 13, 2017

Ksenia Yudaeva

โˆ’0.01
Mar 28, 2017

Elvira Nabiullina

+0.03
Mar 24, 2017

Elvira Nabiullina

+0.04
Feb 15, 2017

Elvira Nabiullina

โˆ’0.12
Jun 30, 2016

Elvira Nabiullina

โˆ’0.17
Jun 14, 2016

Elvira Nabiullina

โˆ’0.15
Jan 13, 2016

Ksenia Yudaeva

โˆ’0.18
Jun 16, 2015

Elvira Nabiullina

โˆ’0.09
Mar 13, 2015

Elvira Nabiullina

โˆ’0.16
Dec 11, 2014

Elvira Nabiullina

โˆ’0.02
Oct 13, 2014

Elvira Nabiullina

โˆ’0.09
Jun 4, 2007

Sergey Ignatiev

+0.14
Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.