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may pick up. Should this be the case, a moderately tight monetary policy stance will help keep the risk of inflation acceleration in check. Preview

serious threat to creditors’ interests. Trade City Bank JSC implemented high-risk lending policy connected with the placement of funds into low-quality assets. Adequate assessment of

need for the Bank of Russia to preserve a moderately tight monetary policy. Participant in the inFOM survey demonstrated slightly lower consumer sentiment in February

Disinflation in February was above expectations thanks to a moderately tight monetary policy and Ruble appreciation, as stated in ‘Talking Trends No. 2 (2017)’, a

expectations of a softer monetary policy may taper somewhat flattening the OFZ yield curve. Thus, the effect of monetary policy will strengthen. Nevertheless, a weaker

65 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY 2.1 The Bank of Russia Balance Sheet ...................................................................................................................................... 66 2.2 The

measures include the launch of OSAGO policy sales through a single agent and mandatory sales of electronic OSAGO policies starting this year. It is now

measures include the launch of OSAGO policy sales through a single agent and mandatory sales of electronic OSAGO policies starting this year. It is now

the global dynamics, dairy products prices continue to rise. Moderately tight monetary policy pursued by the Bank of Russia will add to a decline in

of Finance operations and expected more prolonged period of moderately tight monetary policy. Thus, growth of the inflation expectations was limited and they remained at