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At its most recent meeting on May 28, it left output levels unchanged.
The figure left output 5.2% lower than the same quarter last year and about 6% lower overall in this recession.
The monthly decline was bigger than had been expected, but it left output 4.2% higher than a year before.
Even an upturn in September left output in the seven states of the region 4% down on a year earlier.
But then when you point out that recovery has still left output and employment well below their pre-crisis levels, you're told that those levels weren't sustainable anyway.
Shoddy engineering and neglect of oilfields under Soviet rule left output declining in the last years of Communism, and it contracted sharply during the economic and political upheavals of the early 1990's.
Similar(48)
"I expect OPEC to leave output unchanged," Shokri Ghanem, Libya's top oil official, told Dow Jones Newswires on Thursday.
France's GDP grew by only 0.3% in the second quarter, leaving output 2.3% higher than a year earlier.
So where does that leave output relative to its level before the start of the financial crisis?
And that uninspiring outcome, which leaves output unchanged on a year ago, owed much to an unexpectedly strong German economy.
It's GDP fell by 0.1% in the fourth quarter, the third successive quarterly drop, leaving output 0.6% up on a year earlier.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com