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Bank of Russia’s medium-term forecast following the Bank of Russia Board of Directors’ key rate meeting on 26 July 2024 Key forecast parameters of

Bank of Russia increases the key rate by 200 bp to 18.00% p.a. On 26 July 2024, the Bank of Russia’s Board

to higher inflation expectations, market participants’ expectations of an increase in the key rate and its elevated level for a long period, as well as

representative sample in Russia. On average, about 15,000 enterprises of the key economic activities took part in the surveys every month in 2023. Every

Literacy — which outlines the most pressing issues as well as mechanisms and key initiatives for promoting financial literacy among various target audiences. Mikhail Mamuta, Head

Price Dynamics 18 No. 6 (102) • June 2024 COMPANIES’ PRICE EXPECTATIONS, BY KEY Chart A-42 PRODUCER PRICE INDEX Chart A-43 INDUSTRY (THREE-MONTH AVERAGE, % SAAR) (BALANCE

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

the comprehensive review of this by Carvalho and Tahbaz-Salehi (2019)). Nevertheless, the key questions asked in these works are still mainly related to the characteristics

is based on interest rates and yields in the key market segments, influencing each other (the key rate has a direct effect on short-term money

Р50,000 shall be no less than half the Bank of Russia key rate. For amounts exceeding Р50,000, interest will be accrued in accordance