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could also have a negative effect on domestic saving. However, as the exchange
rate rapidly adjusted to the changes in the balance of payments, imports
Official Exchange Rate of US Dollar Against Ruble*..................................................................................................................83
2.17. Official Exchange Rate of Euro Against Ruble*.........................................................................................................................85
2.18. Official Exchange Rate: Rubles
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credit institutions’ applications for deposit placement at fixed interest rates under the direct electronic document exchange on business days:
Monday to Thursday — 11:00 till
rate (nominal)
Deposits growth rate (nominal)
Deposits growth rate adjusted for the exchange rate
Deposits growth rate adjusted for the exchange rate
Share of FX
Pricing-to-market when exchange rate changes, published in Arndt //
Real-financial linkages among open economies. Cambridge, MA and London: MIT Press,
1987.
4. Exchange Rate Pass-Through to
asset investment.
25
Calculations based on Bloomberg fx rate forecast model: weakening in the median nominal exchange rate by the end
of the first quarter
August. Partially this could be offset by a disinflationary effect
from the exchange rate on non-food prices, which is, albeit fading, is most probably
ongoing.
the exchange rate contributes to inflation
slowdown: econometric study findings
A stronger ruble remains a considerable contributor to inflation slowdown. If the
exchange rate had
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facilities for long-term storage. The slowdown of inflation was also triggered by exchange rate movements.
Inflation is projected to be close to 3% by late
employment, compulsory leave in the past year). Wage de-
pending on dollar exchange rate. Confidence in finding work if you lose your job. Have
you