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equilibrium interest rate movements may point to a shift in the medium-term key rate benchmark. When it comes to the equilibrium interest rate, the real

Employing International Best Practice in Russian Audit Reform’. The article thoroughly examines key regulatory changes that may enhance the efficiency and transparency of this industry.

the next working day after being fixed 3.1. Bank of Russia Key rate by the Board of Directors of the Bank of Russia 3.

to 4%, the Bank of Russia was able to continue cutting the key rate, and the cost of funding in the economy continued to decrease

7. Bank of Russia supervision personnel............................................................................................... 82 IV. APPENDICES................................................................................................................................................. 84 IV.1. Key regulations adopted in 2016......................................................................................................... 84 IV.2. Statistical appendix............................................................................................................................... 87 4 BANKING

The Central Bank of the Russian Federation Banking Supervision Department Table 16 Key Characteristics of Сredit Operations of the Banking Sector (Billion Rubles) Rubles Foreign

act in a highly uncertain environment as regards key structural economic indicators (this is true of both key rate setting and potential GDP growth), which

and the key rate is set only to approach 6.5% by mid-2019. This lack of significant changes in the expectations for key rate movements

medium-sized enterprises (SMEs) consist of loan, borrower and creditor requirements, recommendations for key lending processes and IT-platforms, as well as standard templates for the main

their expectations with respect to the key rate by the end of the year. The consensus forecast of the key rate declined from 8.25