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1491
18.11.2014
floating exchange rate in such uneasy external conditions? Why could not we fix the exchange rate or give up its management earlier?
Transition to the
to Mancini, Ranaldo and Wrampelmeyer (2014)9, official liquidity provision at low fixed
rates brought repo rates down. However, when excess liquidity10 achieved the level
1493
31.10.2014
limited access to long-term financing and higher borrower requirements from Russian banks, fixed capital investments are contracting. At the same time consumer demand is cooling
18
2012 2013
Overnight credit rate
Rate on liquidity provision facilities (fixed)
Deposit rate (fixed)
Minimum overnight and 1 week repo auction rate
Maximum 1
Bank of Russia .................................................... 73
2.6 Fixed term Rates on the Bank of Russia Deposit Operations ........................................................... 74
2.7 Fixed term Rates on the Bank
be defined, executed and recorded to ensure
deletion of information from the fixed memory of ABSs and external media using algorithms and/or methods which
1497
13.10.2014
contribute to the investment growth. According to our estimates, the decline in fixed capital investment will cease in 2015, and in 2016-2017 the investment growth
5 12,6 15,6 19,5 22,7
Banking loans in fixed capital investment of organisations of all forms of
3а. 791,9 621,
5 12,6 15,6 19,5 22,7
Banking loans in fixed capital investment of organisations of all forms of
3а. 791,9 621,
growth in
Belarus is not expected to accelerate perceptibly,
because investments in fixed assets continue to
contract and the growth of household income
is slowing.