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and macroprudential policies are substitutes or com- plements depends on a few key parameters. The two policies are complements when the degree of pass-through of

further key rate reduction at Key rate, % per annum Inflation, % YoY one of the upcoming Board of 12 Directors’ meetings. 10 In its key rate

Key Indicators of Microfinance Organisations Issuing Loans to SMEs; • Review of Key Indicators of Insurers; • Review of Key Indicators of Microfinance Organisations; • Review of Key

certain types of professional participants of the securities market in 2019 Q3. Key drivers behind the significant inflow of private investors include lowering interest rates

July 2019 Q3 2019 2019 2019 Output of goods and services by key industry 3.1 1.7 2.5 2.2 … … Industrial output 2.

approved by the Bank of Russia Board of Directors to reduce the key rate by 50 bp to 6.50% p.a.; on including securities

VKontakte WhatsApp Telegram The Bank of Russia has updated the calendar of key monetary policy events for 2020. Meetings of the Bank of Russia Board

Bank of Russia’s medium-term forecast following the Bank of Russia Board of Directors’ key rate meeting on 25 October 2019 Key forecast parameters of

Facts of manipulation in the market for units of Rental CUIF Key Business Model – Alfa established 25 October 2019 Press release Share VKontakte WhatsApp Telegram

consider the necessity of further key rate reduction at one of the upcoming Board of Directors’ meetings. In its key rate decision-making, the Bank of