OREANDA-NEWS. Such conclusion is made on the grounds of production dynamics in the fifth issue of the Talking Trends Bulletin prepared by the Bank of Russia's Research and Forecasting Department. Researchers find that individual sectors and industries show structural shifts towards the tradables sector, as well as higher output.

Meanwhile, leading business indicators demonstrate low possibility of sustainable recovery in the Russian economy in the months to come.

The Bulletin also states that price growth continued to slow and risks to financial stability in Russia went down in March 2016. Inflationary pressures in March eased stronger than expected, as this was driven by monetary policy stance, ruble appreciation, and the impact of temporary favourable factors in the food market.

At the same time, despite the fact that Bank of Russia's key rate remained unchanged, monetary conditions are continuing to ease following the gradual shift from structural liquidity deficit to surplus.

The views expressed in the Bulletin are solely those of the authors and do not necessarily reflect the official position of the Bank of Russia.