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determines the effectiveness of the Bank of Russia measures aimed at achieving inflation targets. Access to financial market instruments, primarily, debt and equity financing and

provided to them. GDP and outside funding shrinkage, a high level of inflation made Russian credit institutions intensify their use of internal sources. In particular,

of monetary policy implementation, organisation of forecasting and policy analysis system under inflation targeting Category of trainees: Executives and experts from structural units of the

the inflation – the consumer price index grew by 8.7% over the same period. Expanded portfolio yield for GUK of VEB also outstripped inflation and

of consumer prices. Food inflation is checked by the drop in meat prices, which has continued for 12 months. ’Consumer inflation is gradually settling down

well as a macroeconomic downturn which comes with sovereign rating downgrades, growing inflation and unemployment. This effort should also include specifying quantitative and qualitative indicators

the Bank of Russia monetary policy in the course of 2016 as inflation is slowing down and its further decline is expected. This is suggested

price of commodities, securities, exchange rate of a respective currency, interest rates, inflation rate, derivatives’ Individual Indicators Highlights prices, official statistical information, physical, biological and

роста ИПЦ впервые пре- 1 См., например, «Measures of underlying inflation», Bank of England Inflation Report (August 2015), p. 28-29 Аналитическая записка Департамента Се ри

of Russia, following the principles of inflation targeting regime, sought to strike a balance of actions to fight inflation and to secure economic growth and