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second issue of the information analysis called ‘Financial Review: Conditions for Monetary Policy’ says. The transition of majority of banks and the banking sector in

year-end, but moderately tight terms of lending to corporate borrowers and companies’ pursuit of conservative investment policy will check investment activity. Preview photo: 1599686sv / shutterstock

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

to creditors’ and depositors’ interests. JSC JSCB GAZSTROYBANK implemented a high-risk lending policy connected with the placement of funds in low-quality assets. An adequate assessment

affect the unwinding of an inflationary spiral. He believes the state anti-inflationary policy should be a part of the economic strategy aimed at improving living

on the descending path which can be attributed to the current monetary policy as well. However, risks of exceeding inflation target of 4% in 2017

pension market while the quality of the risk management system, investment policy and the policy of attracting clients will acquire considerably larger significance for NPFs.

threat to creditors’ and depositors’ interests. JSC Promenergobank implemented a high-risk lending policy connected with the placement of funds in low-quality assets. An adequate assessment

aimed at providing their continuous and uninterrupted operations when selling OSAGO electronic policies starting 1 January 2017. A corresponding Bank of Russia draft ordinance is

has stalled. This decision, along with the maintenance of moderately tight monetary policy, will help deliver on the inflation target. The Bank of Russia forecasts