俄罗斯的失业率从上个月的2.4%降至2025年3月的2.3%，低于市场预期的2.4%，回到去年年底的历史低点。这一结果与俄罗斯央行的分析一致，该分析指出，动员俄罗斯公民参军并在乌克兰作战加剧了劳动力短缺，降低了俄罗斯经济的产能。失业率下降，官方登记的失业人数下降（2月份为33.7万对34.9万），失业总人数下降（1730万对1786万）。

The unemployment rate in Russia fell to 2.3% in March of 2025 from 2.4% in the previous month, below market expectations of 2.4%, to return to the record-low from the end of last year. The result was in line with the analysis from the Central Bank of Russia, stating that the mobilization of Russian citizens to join the military and fight in Ukraine exacerbated labor shortages and reduced capacity in the Russian economy. The unemployment rate fell with drops in the official registered number of unemployed individuals (337K vs 349K in February) and the total number of unemployed individuals (1,730K vs 1,786K).

俄罗斯3月份失业率为2.3%，低于预期（2.4%）。俄罗斯3月份失业率为2.3%，低于预期（2.4%）

Russia Unemployment Rate came in at 2.3%, below expectations (2.4%) in March.Russia Unemployment Rate came in at 2.3%, below expectations (2.4%) in March

俄罗斯的Nabiullina谈利率、通货膨胀、卢布和关税。俄罗斯央行行长Elvira Nabiullina和她的副手Alexei Zabotkin周五在新闻发布会上发表讲话，此前央行将关键利率维持在21%，正如预期的那样。

Russia's Nabiullina on rates, inflation, the rouble and tariffs.Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank held its key rate at 21%, as expected.

2025年4月25日，俄罗斯央行将关键利率维持在21%的历史新高，与市场预期一致。央行指出，尽管包括核心通胀在内的通胀压力正在逐渐缓解，但仍处于高位。它还警告说，全球经济增长进一步放缓和油价下跌，特别是在贸易紧张局势加剧的情况下，可能会通过卢布汇率动态增加通胀压力。与此同时，央行预计2025年通货膨胀率将放缓至7.0%-8.0%，到2026年将恢复到4.0%。3月份，俄罗斯的年通货膨胀率上升至10.3%。央行将2025年经济增长预测维持在1%-2%不变，并重申货币政策将在较长一段时间内保持紧缩，以确保通胀恢复到目标水平。

The Bank of Russia kept its key interest rate unchanged at a record high of 21% on April 25th 2025, aligning with market expectations. The central bank noted that although inflationary pressures, including core inflation, are gradually easing, they remain elevated. It also cautioned that a further slowdown in global economic growth and a drop in oil prices, especially amid rising trade tensions, could add inflationary pressure through the ruble's exchange rate dynamics. Meanwhile, the central bank expects inflation to slow to 7.0–8.0% in 2025 and return to 4.0% by 2026. In March, Russia’s annual inflation rate rose to 10.3%. The central bank left its 2025 economic growth forecast unchanged at 1%–2% and reaffirmed that monetary policy will remain tight for an extended period to ensure inflation returns to target.