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2081
15.08.2017
and bonds.
Market participants revised their expectations of future interest rates and inflation slightly upwards as the latter increased in June, the ruble depreciated and
2082
11.08.2017
inflation. However, this does not incur any considerable inflation risks as production activity shows sustainable growth. Nevertheless, the risk remains of elevated food price inflation
2083
28.07.2017
guided by the following assumptions.
Inflation dynamics. Inflation remains close to the target. June saw a slight short-term rise in inflation to 4.4%, which
Policy in June 2017
Inflation dynamics and inflation expectations: Decision
• Inflation is close to the target
• Inflation expectations keep declining
• Low inflation is gradually gaining
2085
13.07.2017
shift from achieving the inflation target and lowering inflation expectations to keeping inflation close to the target level and maintaining inflation expectations at a low
2086
13.07.2017
shift from achieving the inflation target and lowering inflation expectations to keeping inflation close to the target level and maintaining inflation expectations at a low
6% on 1
April 2017).
Against the background of a slowdown in inflation and a reduction in the deposit rates, there is a sig-
nificant
2088
03.07.2017
a formula with variables (except for interest rates and the rate of inflation).
• For the purposes of this decision, the following types of ratings assigned
adjusted inflation in individual regions and
in Russia in November 2017 through April 2017.
Inflation is below the level Inflation is above the level Inflation
4
1.1. Inflation _________________________________________________________ 4
1.1.1. Inflation has come down close to 4% YoY __________________________________ 4
1.1.2. Underlying inflation shows moderate reduction