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first time in
lar basket in order to make its exchange rate policy more several years, by 6.6% to 695.9 billion rubles. Of
tom-
Foreign central bank policy
Central banks in most of Russia’s trading part-
ners lowered their interest rates on monetary policy
instruments in the
rates in inflation and inflationary expectations, and the
Foreign central bank policies
The policy pursued by foreign central banks in the first quarter of 2009
3224
12.03.2009
of Russia’s monetary policy. In late 2008, economic conditions changed significantly and the Bank of Russia adjusted its monetary policy. It began actively to
Budgetary policy: development and improvement
objectives to date, key areas
Role and functions of the Federal Treasury agencies in implementation
of the state budgetary policy
of the interest rate band, was lifted to
Foreign central bank policies
The policy pursued by foreign central banks in
2008 was largely aimed at
upper limit of the a percentage point.
Foreign central bank policies
In January-September 2008, the policies pursued by foreign central banks aimed largely to protect
ef settlement documents for the effectuation of payments
fective implementation of monetary policy, judging by the accepted by the Bank of Russia for processing in
Faster price growth has been registered virtually effect of the interest rate policy on economic
in all major groups of goods and services included development.
in 2008 from 4.9%
be viewed as an indicator of fiscal policy easing. in 2007. GDP growth in the countries that account
The expansion