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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

of measures to mitigate risks Operational risk monitoring, including a system of key risk indicators Establishing risk culture in the central bank and measures to

made for them. Accrued interest receivable/ The Bank of Russia key rate (hereinafter, the key rate) is an payable is included in related type of

key rate. In January, the key rate was 21,00% per annum, as the Bank of Russia Board of Directors decided to keep the key

Consumer Sentiment 10 No. 1 (97) January 2025 COMPANIES’ PRICE EXPECTATIONS BY KEY INDUSTRY Chart 11 (BALANCE OF RESPONSES, P, SA) 80 70 60 50

the key rate at 21.00% p.a. On 14 February 2025, the Bank of Russia Board of Directors decided to keep the key rate

Bank of Russia’s medium-term forecast following the Bank of Russia Board of Directors’ key rate meeting on 14 February 2025 Key forecast parameters of

the key rate at 21.00% p.a. On 14 February 2025, the Bank of Russia Board of Directors decided to keep the key rate

key rate increase. Whatever the case, monetary conditions should remain tight for a longer period. Therefore, we have raised the forecast path of the key

although with a certain time lag. o The unchanged level of the key rate in December came as a positive surprise to the financial market.