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and there are numerous
causal relationships.
When applying the VAR model, the key task is to remove economic shocks
from it. Starting with the pioneering
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
services. In this situation, the Bank of Russia decided to keep the
key rate at a high level. Maintaining tight monetary conditions is necessary to
first half
of December than the key rate in October. Following the Board of Directors’ decision to keep the key
rate unchanged in the second
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terms in December than in November.
In the current situation, the high key rate makes savings more attractive and cools down excess demand. Therefore, price
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should include information about the company’s general business, products and services, key financial reporting and operational performance indicators, market capitalisation data, dividends stated and
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is responsible for preparing the press release on the key rate, the Summary of the Key Rate Discussion, the Commentary on the Bank of Russia
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Instead, the Bank of Russia releases the Summary of the Key Rate Discussion after every key rate decision and, additionally, the Commentary on the Bank
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s capacities to expand the output of goods and services.
The high key rate spurs an increase in savings and cools down excessive demand for
the following options for the key rate
decision:
• keep the key rate unchanged at 21.00% per annum;
• raise the key rate by 100 basis