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price of commodities, securities, exchange rate of a respective currency, interest rates, inflation rate, derivatives’ Individual Indicators Highlights prices, official statistical information, physical, biological and

роста ИПЦ впервые пре- 1 См., например, «Measures of underlying inflation», Bank of England Inflation Report (August 2015), p. 28-29 Аналитическая записка Департамента Се ри

of Russia, following the principles of inflation targeting regime, sought to strike a balance of actions to fight inflation and to secure economic growth and

liquidity surplus. Fourth. There remain elevated inflation risks. These primarily stem from slowly declining inflation expectations against the inflation target, mixed data on movements being

rates reduced most notably in money and debt markets, reflecting the higher expectation of lower rates in the future against the backdrop of lower inflation.

growth track by dragging down inflation and getting it to stabilise at persistently low levels. This is because low inflation is the precondition for low

growth track by dragging down inflation and getting it to stabilise at persistently low levels. This is because low inflation is the precondition for low

profitability as a whole (5.5%) turned out to be lower than inflation. The total investment result was largely contained by closed-end PIF profitability which

price of commodities, securities, exchange rate of a respective currency, interest rates, inflation rate, derivatives’ Individual Indicators Highlights prices, official statistical information, physical, biological and

s rich crop and import substitution development. However, the inflation expectations remain high meaning that inflation risks are still in place. A moderate consumer prices