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funds rate for 2018. One of the reasons behind
of the monetary policy of the Fed and the ECB this was the build-up of the
0.75 – 1.00%. The US yield
stance of the Fed monetary policy as well as curve shifted notably upwards after D. Trump’s
by
in policy tightening by the Bank of Canada being
the UK, led to the expectations of ultra-loose stabilised. The yields on long-term Canadian
monetary policy
of the Fed’s probability of a large fiscal stimulus coming
monetary policy as well as by the political and soon. Coupled with an inflation
the the bond-buying programmes hinting that it
stance of the Fed monetary policy as well may well start unwinding its balance sheet
as by the
the US presidential elections. However, in 1Q-
stance of the Fed monetary policy as well 3Q17, the markets reassessed the probability
as by the political
No. 1 (187) · January 2019
This commentary is prepared by the Monetary Policy Department.
Cover photo: Shutterstock.com.
© Central Banc of the Russian Federation 2019
2168
21.02.2019
the Bank of Russia aims to boost the transparency of its regulatory policy, ensure the predictability of regulatory changes for market players and, therefore, increase
2169
20.02.2019
Russia Order No. OD-297, dated 12 February 2019, on implementing the tariff policy in the Bank of Russia payment system;
Bank of Russia Information Letter
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