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by region. 5 Chart 5. Volume and Interest Rates for MLs Granted in Rubles 350 10,5 300 10,0 250 9,5 In billions

Central Bank of the Russian Federation Phone (817-2) 57-14-06, Fax (817-2) 72-26-81 5 Predtechenskaya Street, Vologda, 160000 You can contact the Bank of Russia through

Branch of the Central Bank of the Russian Federation Phone (426-22) 9-44-16 5 60-Letiya SSSR Avenue, Birobidzhan, 679016 You can contact the Bank of Russia

0-2.5 2.0-2.5 2.0-2.5 Gross capital formation 0.8 0.5-1.5 3.5-4.5 3.5-4.5 2.5-3.5

Kostroma Division Contacts Kostroma Regional Division of the Central Bank of the Russian Federation Main Branch for the Central Federal District Phone (494-2) 39-02-00 5

of the Russian Federation Phone (871-2) phone/Fax 22-58-21 Код ВТС 281 5 Staropromyslovskoe Highway, Grozny, 364020 You can contact the Bank of Russia through

2.9–3.2%. Meanwhile, average 2019 inflation will stand at 4.5%, which reflects the high price growth rate in late 2018 and the

Given the monetary policy stance, annual inflation will come in at 3.5–4.0% in 2020 and will remain close to 4% further on.

for the period until the appointment of a receiver4 or a liquidator.5 In accordance with federal laws, the powers of the credit institution’s

8 trillion rubles of pension savings (+1.9% QoQ) and 1.4 trillion rubles of pension reserves (+2.5% QoQ). Preview photo: Krunja / Shutterstock / Fotodom