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331
01.09.2025
money market exchange-traded funds.
More details are available in the Review of Key Indicators of Brokers for 2025 Q2.
Preview photo: Andrey Popov / Shutterstock / Fotodom
332
29.08.2025
bond markets amid a decrease in the key rate.
More details are available in the Review of Key Indicators of Non-governmental Pension Funds for 2025
exports lost 6% YoY in 2025 Q2 (2025 Q1: -6% YoY). The key reason is smaller
exports of mineral products2 because of lower prices for
334
28.08.2025
increased to Р2 trillion.
More details are available in the Review of Key Indicators of Management Companies for 2025 Q2.
Preview photo: Champ008 / Shutterstock / Fotodom
that makes banks to raise deposit rates and thus
increase public welfare.
Key words: banks, deposits, switching costs, Nash equilibrium,
equilibrium in secure strategies, welfare.
most representative sample in Russia. On average, about 15,000
enterprises of key types of economic activity took part in the surveys every month in
337
22.08.2025
The key rate and communication as the main monetary policy instruments
The main instrument of the Bank of Russia’s monetary policy is the key
338
22.08.2025
future key rate decisions, while still keeping the key rate unchanged. In June 2023, the Bank of Russia admitted the possibility of a key rate
339
22.08.2025
foreign currency and exporters’ supply of foreign currency.
Key rate and communication as monetary policy instruments
The key rate is the interest rate on main
of Russia key rate
Source: Bank of Russia calculations.
SPREAD BETWEEN RUONIA AND KEY RATE WIDENED IN JULY DUE TO EXPECTATIONS OF KEY RATE CUT