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154 98
– repos and FX swaps - - - 847 1,154 98
– secured loans - - - - - -
Fixed interest rate facilities 10 21 18 129 207 6
– repos and FX
Saving accounts (local currency)
40% Fixed term deposits (local currency)
Current accounts (foreign currency)
35%
Saving accounts (foreign currency)
Fixed term deposits (foreign currency)
30
in the data (fixed effects instead of first differences)
— allow firms to switch groups over time
no $ few $ some $ many $ only $
Fixed effects spec. 0.
4.2 3.9-5.9 3.0-5.0 2.5-4.5
– gross fixed capital formation -6.2 3.2-5.2 2.4-4.4 2.5-4.
8 -1.1 6.2 -2.3 -2.5 -5.3
Cumulative, %
Fixed capital investment 2020 Q4 -1.4 -3.4 -0.3 -3.8
expenditure components (such as final consumption by
households and general government, gross fixed capital formation, changes in inventories and ex-
ports) from the forecast combination
2021) (05.2021)
3. Interest rates
the next working day after being fixed
3.1. Bank of Russia Key rate
by the Board of Directors