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2020) (12.2020)
3. Interest rates
the next working day after being fixed
3.1. Bank of Russia Key rate
by the Board of Directors
Fixed capital investment 1.7 0.53 -5.63 2.3 1.2 -7.6 -10.43 -10.23 -11.53 -9.33
Gross fixed
0,013)
bank controls no no yes yes
bank fixed effects yes no yes no
time fixed effects yes yes yes yes
Внешний инструмент: FF4
0) 4.8-6.8 4.2-6.2 3.0 – 5.0
– gross fixed capital formation 1.5 -(5.7-7.7) 2.5-4.5 3.8-5.
696
01.10.2020
Deposit standing facilities (overnight deposits)
Deposit standing facilities are aimed at the following objectives. The fixed interest rate on overnight deposits (currently the key rate
by providing specific bond terms and conditions (for example,
maturities, variable or fixed coupons, insurance against inflation, etc.) in designing
market borrowing strategies may, to
699
29.09.2020
that central banks can only choose two options out of three: a fixed exchange rate, free capital flows, and independent monetary policy. But the trilemma