Search results

conduct operations with foreign currency. rate of a respective currency, interest rates, inflation rate, derivatives’ prices, official statistical information, physical, Individual Indicators Highlights biological and

meets the ultimate objective of the monetary policy considering the assessment of inflation risks and economic growth prospects. The Bank of Russia seeks to meet

and Eastern Europe in 1994–2010. The authors use GDP growth and inflation rates as control macroeconomic variables; the work also includes an extensive pool

down of inflation processes in the economy: • Firms’ inflation expectations adaptability. As companies rely on past fast price growth, it leads to higher inflation expectations

is anchoring inflation at the 4% target and bringing down inflation volatility. Stable inflation is vital for a sustainable reduction in household inflation expectations and

monetary policy and forecast a further reduction in inflation under 3% at end-2017. In the medium term, inflation is expected to return to the 4

bonds and shares markets demonstrated better stability. Persistently low inflation fostered a further decrease in inflation expectations. Market participants also expect a key rate cut

is the real interest rate, g is GDP growth and p is inflation. The rule says that when GDP (income) growth surpasses real interest rates

conduct operations with foreign currency. rate of a respective currency, interest rates, inflation rate, derivatives’ prices, official statistical information, physical, Individual Indicators Highlights biological and

in the stabilisation of the quality of bank lending portfolios. Moreover, with inflation being close to 4%, the Bank of Russia was able to continue