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and do not necessarily reflect the official position of the Bank of Russia. The Bank of Russia assumes no responsibility for the contents of the

Bank of Russia Required reserves in special accounts Correspondent accounts with the Bank of Russia Structural liquidity deficit/surplus Source: Bank of Russia calculations. BANKING

Bank of Russia Required reserves in special accounts Correspondent accounts with the Bank of Russia Structural liquidity deficit/surplus Source: Bank of Russia calculations. BANKING

on the Bank of Russia website (http://www.cbr.ru/DKP/). Please send your comments and suggestions to svc_analysis@cbr.ru. © Central Bank of

2.6 Sources: Rosstat, Bank of Russia calculations. Inflation dynamics in October 2018 were largely Food prices consistent with the Bank of Russia’s baseline

как один из важных факторов ускорения потенциального роста экономики (см., например, World Bank (2016), IMF (2016)). Аналитическая записка Се ри я до кла до в

the Bank of Russia mostly conducts deposit auctions, with Bank of Russia’s bonds (OBR) being issued since August 2017 The structure of Bank of

Source: Bank of Russia estimates. Source: Bank of Russia estimates. Banking sector profit totaled 1.068 trillion rubles in January–September. Exclusive of banks undergoing

by individual bank groups individual bank groups (%) (%) Source: Bank of Russia. Source: Bank of Russia. For example, the analysis of the ratio of bank’s

4. Bholat D., Hansen S. (2015). Text mining for central banks. Centre for Central Banking Studies 5. Blei D., Ng A., Jordan M. (2003). Latent