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be taken into account in our policy decisions including on the key rate. We have all the monetary policy tools to secure mid-term inflation close

course and the Bank of Russia completes its transition to neutral monetary policy, inflation will approach 4% in 2019. The views and recommendations expressed in

BANK OF RUSSIA MONETARY POLICY BANK OF RUSSIA №2 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY (297) STATISTICAL 69 BULLETIN

is extremely important for the financial stability of companies, and effective monetary policy. Key words: debt burden, capital structure, sector analysis, microdata of Russian companies,

enables a speedier shift from the current moderately tight to neutral monetary policy - which may be complete before the end of this year. o 2017

community supported the idea of introducing statutory requirements for approval of voting policies for all institutional investor categories, as well as ‘a soft regulatory approach

for a one-day intensive training on macroeconomics and the basics of monetary policy and financial markets operations for master’s students, young researchers and professors

of temporary factors and increased internal demand as the Bank of Russia moves from a moderately tight to neutral monetary policy. Preview photo: FreeQration / shutterstock

BANK OF RUSSIA MONETARY POLICY BANK OF RUSSIA №1 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY (296) STATISTICAL 69 BULLETIN

rate and may complete the transition from moderately tight to neutral monetary policy in 2018. In making its key rate decision, the Bank of Russia