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90
happened amid still falling investments in the en-
ergy sector and inflation howering near 2%.
85
Canadian economy moved out of a technical 03.
hike 95
– further improvement in the labour market and
reasonable confidence that inflation will return to 90
the 2% target over the medium term.
In
regulator’s confidence in
the US dollar, as % of start of period
inflation’s returning to the 2% level over the mid-
120
term horizon
hike
– further improvement in the labour market and 100
reasonable confidence that inflation will return to
the 2% target over the medium term. 95
In
2013, amid weak economic
government bonds, % p.a.
growth and low Eurozone inflation, the ECB eased
5
its monetary policy by cutting the key rate
key rate. In March 2014, the Fed stopped
unemployment targeting maintaining the inflation
target of 2%. 4
US GDP growth in the second quarter of
the year.
– further improvement in the labour market and
reasonable confidence that inflation will reach the Chart 1. Changes in the exchange rates to the
key rate. In March 2014, the Fed stopped
unemployment targeting maintaining the inflation
80
target of 2%. The Federal Open Market Commit-
tee took decisions
happened amid still falling investments in the en- 80
ergy sector and inflation hovering near 2%. 06.2015 09.2015 12.2015 03.2016 06.
1840
29.03.2018
to deliver yet higher growth rates in the course of 2018. As inflation slows down, the Bank of Russia key rate is declining along with