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the above mentioned operations in the system of Bank of Russia monetary policy instruments is taken given the limited amount of the market collateral and

of the license of Master Bank is the result of the consistent policy pursued by the Bank of Russia, aimed at withdrawing from the banking

On Credit Institutions’ Required Reserves’. The impact of this decision on monetary policy stance is neutral. The decision was taken to build up the capacity

II.1. Monetary policy ........................................................................................... 64 II.1.1. Monetary policy objectives and results ..................................................... 64 II.1.2. Monetary indicators and monetary policy instruments ................................ 70 II.

elaborating the country’s macroeconomic policies, because of the updating of primary reports, the appearance of namely, foreign trade policy, foreign exchange regulation and new

inflation risks and the downside risks to economic growth. In making monetary policy decisions the Bank of Russia will be guided by the inflation goals

elaborating the country’s macroeconomic policies, Balance of payments data for previous years is revised mainly namely, foreign trade policy, foreign exchange regulation and because

inflation risks and the downside risks to economic growth. In making monetary policy decisions the Bank of Russia will be guided by the inflation goals

are the primary conductors of the Bank of Russia’s interest rate policy. Specifically, the following patterns are discernible in the money market in the

Public Relations Department informs that the Bank of Russia modified its FX policy mechanism to be prepared for the implementation of the new algorithm for