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the coin denomination ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2022 г.’ (2022), the chemical symbol of the metal according to Mendeleev’s Periodic

monetary policy transmission mechanism in more detail, will be regularly published from T August 2022 instead of the information and analytical commentary Banking Sector Liquidity

ru. This commentary was prepared by the Monetary Policy Department. Cover photo: А. Larin, the Central Bank of the Russian Federation 12 Neglinnaya Street, 107016

to the small and T = ———, where medium-sized businesses and individual entrepreneurs. V _ Overdue loans — balance of the overdue debt on loans T is the weighted

the coin denomination ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2022 г.’ (2022), the chemical symbol of the metal according to Mendeleev’s Periodic

at date t, measured as the share of analysts who incorrectly predicted the key rate decision 19; ndt – narrative gaps at date t (analyst reviews

s s m e n t o f c u r re n t c o n d i t i o n s and

the coin denomination: ‘3 РУБЛЯ’ (3 RUBLES), the year of issue: ‘2022 г.’ (2022), the chemical symbol of the metal according to Mendeleev’s Periodic

rubles that R reflects the estimated cost of unsecured overnight borrowing. 2 T he operational objective of the Bank of Russia’s monetary policy within