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downwards since the considerable food prices. Proinflationary pressure on non- rise in coronavirus infection cases adversely food prices was caused by the weaker ruble and

at 175 bp above the key rate. to the spread of the coronavirus infection. At auction means the amount of funds extended (transferred) by the

ADDRESS THE ECONOMIC CONSEQUENCES OF THE CORONAVIRUS PANDEMIC Measures implemented by the Bank of Russia The outbreak of the coronavirus and the anti-pandemic measures induced

and foreign information security experts. However, in the context of the expanding coronavirus pandemic, holding an event with a large number of participants would create

have influenced lending and inflation. Since February, when the first signs of coronavirus spreading outside China manifested themselves, both the Bank of Russia and the

the emergence of new adverse factors. Self-restrictions tightened amid the resurgence of coronavirus cases, which retarded the production of consumer services. Growth in intermediate goods

boosted by central banks' signals that they may expand incentives as the coronavirus pandemic intensifies. Read more in the latest issue of the Financial Market

disposable income and Other restrictions implemented to contain the spread GFCF of coronavirus (Charts 1 and 2). Contraction in Household consumption investment activity amid growing

hardships. To a certain extent, banks are bearing the brunt of the coronavirus pandemic in the economy. Furthermore, the accumulated safety cushion secures the sustainability

the increased volatility in global financial markets in the context of the coronavirus infection outbreak 10 August 2020: The Bank of Russia reduced risk weight