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totalled 29% of the overall OFZ market. The worldwide trend of monetary policy loosening is accompanied by growth in the proportion of negative-yield financial instruments.

comment on monetary policy prospects. After the five years of the evolution from tight to moderately tight and then to neutral monetary policy, we have

comment on monetary policy prospects. After the five years of the evolution from tight to moderately tight and then to neutral monetary policy, we have

control programmes, as well as by a growing demand for franchise insurance policies and telemedicine services. Further development of VHI and endowment life insurance can

the Bank of Russia’s forecast and taking into account the monetary policy stance, annual inflation will remain close to 4%. If the situation develops

a separate casco insurance policy, but to input the information about it in their OSAGO (compulsory motor third-party liability insurance) policies. The draft implies that

Bank of Russia’s targets and that inflation risks persist. 1 Monetary Policy Report No. 2 (26), June 2019, box ‘Survey microdata-based assessment of the

The adoption of these amendments will enable more efficient implementation of macroprudential policy through setting the borders by the Bank of Russia Board of Directors

the dynamics of Sources: Rosstat, Bank of Russia calculations. 1 See Monetary Policy Report, No. 2 (26), June 2019, and information and analytical commentary Economy,

It can probably be explained by the active policy of the Bank of Russia’s active policy during 2014-2016 aimed at the reorganization of the