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62 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY 2.1 The Bank of Russia Balance Sheet ...................................................................................................................................... 63 2.2 The

inflation risks. Pursuing by the Bank of Russia of moderately tough monetary policy will support further decline in inflation to the 4% target in 2017.

the Russian Federation (Bank of Russia)’. LLC CB Razvitie implemented high-risk lending policy connected with placement of funds into low-quality assets. Equity capital adequacy was

the Russian Finance Ministry as regards a possible revision of OSAGO tariff policy. Novations deal with a possibility to sign a three-year OSAGO contract, select

certain non-food goods hindered inflation reduction. Nevertheless, the current moderately tight monetary policy pursued by the Bank of Russia promises further relief in inflationary pressure,

of Russia Monetary Policy Department Alexander Polonsky analyses the transformation of the use of instruments of the Bank of Russia monetary policy at transition to

of insurance agreements and issue dates of insurance policies and improve the form of the insurance policy) 14.6.4. Elaborate the Bank of Russia

will also include details of payments other than those subject to compensation policy or made with delay. In doing so, companies may decide for themselves

of Russia Governor, Elvira Nabiullina, shall be in charge of the monetary policy issues. The Bank of Russia First Deputy Governor, Dmitry Tulin, shall be

monetary policy issues and I will chair the Monetary Policy Committee. This format, where a central bank governor bears personal responsibility for monetary policy, is