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2051
20.09.2019
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The Bank of Russia and the Moscow Department of Competition Policy signed an agreement aimed at improving informational cooperation to expand the regulator'
4.5% by the end of 2019. Moving
forward, the pursued monetary policy will hold annual inflation close to 4%.
As expected, consumer prices declined
standard monetary
0.26 0.08 0.26 0.23 0.23
policy instruments*
* These transactions include Bank of Russia specialised refinancing instruments, loans granted
2018 IV. Bank regulation and supervision in Russia
conduct its macroprudential policy – the policy aimed ing unsecured loans in 2018 was virtually not offset
at
Monetary Policy
2. The Bank of Russia Balance Sheet.
2. The Bank of Russia Balance Sheet.
Instruments of the Bank of Russia Monetary Policy
Bank
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12.09.2019
as receiver.
Given a threat to the rights and lawful interest of policy holders, the insured and beneficiaries, the Bank of Russia submitted the information
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12.09.2019
5% as of the end of 2019. Moving forward, the pursued monetary policy will hold annual inflation close to 4%.
Preview photo: Yevgeny Razumny / Vedomosti
2058
12.09.2019
as receiver.
Given a threat to the rights and lawful interest of policy holders, the insured and beneficiaries, the Bank of Russia submitted the information
month-on-month) (per cent change, month-on-month)
This commentary is prepared by the Monetary Policy Department.
Cover photo: Shutterstock/FOTODOM.
© Central Bank of the Russian Federation 2019
than the observed average (in other words, achieve disinflation).
When successful, such policy generates a structural break in the inflation-generating process
(for example, mean shift