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11
SEPTEMBER 2019
Monetary Policy Report
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The key rate is down to 7% p.a.
The 2019 inflation forecast
is revised downwards
to 4-4.5
12
OCTOBER 2020
Monetary Policy Report
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The key rate remains unchanged
Inflation forecast
for the year-end 2021
There is space for monetary policy easing. The
13
FEBRUARY 2020
Monetary Policy Report
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Key rate reduced
Inflation forecast for the end of 2020
The prospect of further key rate reduction is held
14
compared to October expectations and calls for a due monetary policy response. Given the monetary policy decisions, annual inflation will stand at 5.0–6.
15
DECEMBER 2019
Monetary Policy Report
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Key rate is down to 6.25% p.a.
Inflation forecast
for the end of 2020: 3.5-4%
The
16
APRIL 2020
Monetary Policy Report
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The key rate was cut,
the Bank of Russia switched
to accommodative policy
Inflation forecast
for the year-end 2020
17
expectations with respect to the Bank of Russia’s monetary policy. In April, monetary policy approached the accommodative and neutral threshold. Medium- and long-term OFZ
18
OCTOBER 2021
Monetary Policy Report
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The key rate
has been raised by 75 bp
The inflation forecast
for the 2022
If the situation develops
19
information to experts and analysts about the process of making monetary policy decisions.
Monetary Policy Guidelines Monetary Policy Decisions Calendar of the Key Rate Decisions
20
JULY 2021
Monetary Policy Report
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The key rate
has been raised by 100 bp
The inflation forecast for the year-end 2021 has been revised