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and constitutes an underlying asset.
rate of a respective currency, interest rates, inflation rate,
derivatives’ prices, official statistical information, physical,
Table 3.5
biological and
maturities, which could be driven by
a gradual decline in economic agents’ inflation expectations, including for the medium term.
BANKING SECTOR LIQUIDITY AND liquidity outflow
Dec. 2018
Inflation targeting is communications “Floating rate and
Instruments are
represented as a Inflation below 4% Inflation 4.3%
developed, the inflation targeting by
2017 2018 2019
Key rate Core inflation Food goods Inflation Non-food goods Services
Sources: Rosstat, Bank of Russia
3
Inflation rates for main groups, seasonally
1775
08.11.2019
in maturities, which could be driven by a gradual decline in economic agents’ inflation expectations, including for the medium term.
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welfare
costs of alternative regimes, including nominal peg, core consumer inflation targeting, and
non-commodity domestic inflation targeting, under complete international asset markets
vs. financial autarky
1777
05.11.2019
Dynamics, information and analytical commentary
14.11.2019
6
Assessment of Underlying Inflation
15.11.2019
7
News Index of Business Activity
20.11.2019
1778
01.11.2019
Dynamics, information and analytical commentary
14.11.2019
5
Assessment of Underlying Inflation
15.11.2019
6
News Index of Business Activity
20.11.2019
Dec. 2018
Inflation targeting is communications “Floating rate and
Instruments are
represented as a Inflation below 4% Inflation 4.3%
developed, the inflation targeting by
1780
01.11.2019
money detected in the banking system;
• Consumer Price Dynamics;
• Monetary Policy Report;
• Inflation Expectations and Consumer Sentiment;
• Consumer Price Indices;
• Commentary ‘Russia’s Balance of