Search results

estimate of the neutral key rate to 6.0–7.0% per annum. ANALYSTS’ CONSENSUS FORECASTS Chart В-1 Key rate Neutral key rate Inflation Nominal

elevating proinflationary risks. Key rate and monetary indicators 4 Monetary policy aims to return inflation to the target in 2024 The future key rate path

forecast underlying its key rate decisions. Inflationary pressure and inflation expectations decline Macroeconomic forecast has been materially revised Monetary conditions remain tight Key rate decisions

1 rates and yields in the key market segments, Through any of these channels, higher influencing each other (the key rate has a direct market

that allows sellers to gradually transfer increased costs into prices was the key inflation driver. Prices for food products and non-food goods began to rise

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

2024 and, accordingly, will be able to start cutting the key rate. However, the key rate will stay high for a certain period needed to

of its use), that is, would have ignored the effect of the key rate increase and considerably reduced the affordability of retail loans. With regard

circumstances, in October, we raised the key rate to 15%, while giving a neutral signal. Our forecast of the key rate assumes that it can

Telegram The ruble strengthened on the back of the Bank of Russia key rate increase and a rise in foreign currency sales by exporters. At