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key rate in June to its record low of 4.5%. Judging by the information we have received since our latest decision on the key

interbank lending rates and the Bank of Russia key rate expanded as market participants expected a key rate reduction in June. The interest rate spread

dated 8 July 2020 has been released. The Credit Institutions sections publishes key indicators of domestic foreign cash operations in April 2020. The issue contains

is based on (Vasicek, 2002) loan portfolio model. It departs from the key assumption of the normally distributed asset returns. However, the Basel Commit- tee

state of this key segment of the household lending market. Also, the new publication will provide information support to analysts monitoring key performance indicators on

1.3 2.1 1.6 Output of goods and services by key industry 2.0 2.7 2.3 1.0 -9.9 -(10

Central bank key rate A rate set by a central bank to impact interest rates in the economy. Usually, a change to the key rate

represent benchmark interest rates, exchange rates, securities and commodity prices, play a key role in the functioning of financial markets and the economy in general.

medium businesses financial market segments. Long-term household deposits Key rate Loans to households 3Y OFZ yield Key rate CPI, % YoY 3Y OFZ yield Sources: Bank

made by the Bank of Russia Board of Directors to reduce the key rate by 100 bp to 4.50% p.a. and to keep