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2.4. Risk assessment methods...............................................................................................................................................8 2.5. Scenario analysis as a key risk assessment method...........................................................................................9 2.6. Climate risk monitoring...................................................................................................................................................10 2.7.

decided to keep the key rate at 21.00% per annum. The Bank of Russia’s further decisions on the key rate will depend on

Consumer Sentiment 10 No. 4 (100) April 2025 COMPANIES’ PRICE EXPECTATIONS BY KEY INDUSTRY Chart 11 (BALANCE OF RESPONSES, P, SA) 80 70 60 50

Republic, the Zaporozhye Region, and the Kherson Region. CONTENTS Russian Federation ............................................................................ 6 Key trends in Russian regions ........................................................... 7 Core economic indicators .................................................................. 8 Inflation in Russian

the key rate. Investments in deposits also rose. However, the share of investments in federal government bonds declined. Read more in the Review of Key

mechanism assumes that monetary policy affects inflation through aggregate demand. Therefore, the key condition for effective monetary policy is a significant and stable relationship between

the key rate at 21.00% p.a. On 25 April 2025, the Bank of Russia Board of Directors decided to keep the key rate

of Russia was raising the key rate. In 2024 Q1, inflation slowed down in response to the increase in the key rate to 16% per

insufficient to achieve the inflation target, the regulator will consider raising the key rate. The Bank of Russia forecasts that, given the current monetary policy

the key rate at 21.00% p.a. On 25 April 2025, the Bank of Russia Board of Directors decided to keep the key rate