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a research by ATOL company. 1 PMI index, Rosstat surveys. 4 Monetary Policy Report, release No. 4 (24), December 2018. Cut-off date – 18 December 2018.

global productiv- ity slowdown, divergence across firms and the role of public policy // OECD Productivity Working Papers. No. 5. P. 1–5. 10. Bartelsman E.

only include operations to regulate liquidity, which are part of the monetary policy toolkit, and special- purpose instruments. Some other Bank of Russia operations a

to svc_analysis@cbr.ru. This commentary is prepared by the Monetary Policy Department. Cover photo: Shutterstock.com. 12 Neglinnaya Street, 107016 Moscow Bank of

month-on-month) (per cent change, month-on-month) This commentary is prepared by the Monetary Policy Department. Cover photo: Shutterstock.com. © Central Bank of the Russian Federation 2019

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

the Insurance Market Department. The bill requires that insurers provide for OSAGO policy issue in any branch selling motor own damage and voluntary motor third

monetary policy September 6 Board of Directors meeting on monetary policy March 22 Release of the Monetary Policy Report Release of the Monetary Policy Report

Policy and the Rise and Fall of Re- serve Position Doctrine». ECB Working Paper Series № 372. Borio C. and Disyatat P. (2010) «Unconventional Monetary Policies:

among households in investment life insurance policies following measures taken to increase public awareness of the risks of such policies. Preview photo: Aivita Arika / shutterstock