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monetary policy ................................................. 52 II.1.2. The dynamics of monetary authority indicators and use of monetary policy instruments ................................................... 56 II.1.3. Exchange rate policy

II. Monetary Policy II.1. Objectives and Results of Monetary Policy .......................................................... 44 II.2. Dynamics of Monetary Indicators ...................................................................... 47 II.3. Monetary Policy Instruments ........................................................................... 51

II.1. Monetary policy ........................................................................................... 54 II.1.1. Monetary policy objectives and results ..................................................... 54 II.1.2. Monetary indicators and monetary policy instruments ................................ 60 II.

Monetary policy ........................................................................................... 64 II.1.1. Objectives and results of monetary policy ................................................. 64 II.1.2. Monetary programme implementation and the use of monetary policy

MONETARY POLICY II.1.1. OBJECTIVES AND RESULTS OF MONETARY POLICY A n inalienable part of the national eco nomic policy, the monetary policy was

deposited with the Bank of Russia – one of major instruments of monetary policy of the Bank of Russia, used for banking system liquidity management. Required

FOREIGN EXCHANGE POLICY IMPLEMENTATION II.2. FOREIGN EXCHANGE POLICY IMPLEMENTATION II.2.1. EXCHANGE RATE POLICY AND RESERVE MANAGEMENT E XCHANGE RATE POLICY. In accordance

MONETARY POLICY II.1.4. EXCHANGE RATE POLICY AND RESERVE MANAGEMENT E XCHANGE RATE POLICY. Following the Guidelines for the Single State Monetary Policy for

monetary policy ................................................. 52 II.1.2. The dynamics of monetary authority indicators and use of monetary policy instruments ................................................... 56 II.1.3. Exchange rate policy

deposited with the Bank of Russia – one of major instruments of monetary policy of the Bank of Russia, used for banking system liquidity management. Required