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Oct-18 Oct-19 Apr-20 Corporate lending (excl. revaluation effect) Ruble corporate lending ruble corporate loans ruble retail loans Ruble retail lending Source: Bank of Russia. Source:

the ruble equivalent of foreign currency sales to be conducted in October—December 2020 in addition to standard fiscal rule-based operations, billions of rubles Foreign

was driven by growth of import expenditures following the weakening of the ruble. At the COMPANIES’ PRICE EXPECTATIONS Chart 6 (BANK OF RUSSIA) same time,

and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the coin denomination ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2020 г.’ (2020), the chemical symbol of the

of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top ten credit institutions2 attracting the largest amount of household

Monetary conditions have Interest rates on corporate loans in rubles, Interest rates on retail loans in rubles, % generally softened since the % per annum per annum