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Rosstat, Bank of Russia calculations.
group continue to be affected by one-off factors,
including those of a non-monetary nature.
Inflation forecast
According to the Bank
Bank of Russia website: www.cbr.ru
© Central Bank of the Russian Federation 2019
CONTENTS
Statement by Bank of Russia
Governor Elvira Nabiullina ............................................................................................... 2
Bank
0.1
1
Excluding fruit and vegetables.
Note. Tables 1-7 – Rosstat data, Bank of Russia calculations.
Consumer price indices
2 No. 3 (189) · March 2019
provided to three banking
groups (Otkritie, B&N, 3 National Bank TRUST (with ROST Bank and AVB Bank)
Promsvyazbank) 4 Asian-Pacific Bank (APB)
RUB 1.
School, 78(1), 53–89.
Bundesbank (2017) «The Role of Banks, Non-Banks and the Central Bank in the Money Cre-
ation Process». Monthly Report, April
bank statistics
retail loans adjusted for changes in MBS debt bank statistics adjusted for changes in MBS debt
Source: Bank of Russia estimates. Source: Bank
of last year.
The Bank of Russia’s estimates suggest that
in this environment annual growth of retail sales
Sources: Rosstat, Bank of Russia calculations.