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Bank of Russia’s medium-term forecast following the Bank of Russia Board of Directors’ key rate meeting on 10 February 2023 Key forecast parameters of

keeps key rate at 7.50% p.a. On 10 February 2023, the Bank of Russia Board of Directors decided to keep the key rate

keeps key rate at 7.50% p.a. On 10 February 2023, the Bank of Russia Board of Directors decided to keep the key rate

REGIONAL ECONOMY: COMMENTARIES BY BANK OF RUSSIA MAIN BRANCHES No. 17 • February 2023 1 February 2023 CONTENTS Russian Federation .............................................................................................................. 4 Key trends in Russian regions

the Bank of Russia introduced a symmetrical interest rate corridor with the key rate as its centre and one-week auctions as the main operations. In

be specified by auction participants in their orders was equal to the key rate. FX swap fine-tuning auctions were conducted at the Moscow Exchange. FX

Consumer Sentiment 7 No. 1 (73) January 2023 COMPANIES’ PRICE EXPECTATIONS, BY KEY INDUSTRY Chart 11 (BALANCE OF ANSWERS, SA, P) 63х170 80 70 60

from financial consumers and investors. Complaints related to sanctions restrictions were the key driver of this growth. Of these, 72% complaints were received in the

Spread between RUONIA and the key rate Spread between RUONIA and the key rate* Spread between RUONIA and the key rate* * Average for averaging periods.

by the Bank of Russia as The Bank of Russia key rate (hereinafter, the key rate) is an well as precious metals reserves at the