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and government P= ———, where authorities) and by maturity. These indicators do not include V _ funds in legal entities’ settlement accounts and individual P– weighted average

Bank of Russia cuts key rate by 50 bp to 7.50% p.a. On 16 September 2022, the Bank of Russia Board of Directors

p.a. 9.6 9.3 8.2 8.5 household loans % p.a. 11.4 15.2 15.1 13.9 corporate loans % p.

programmes of Russian issuers are served by five depositories: Raiffeisenbank, Citibank, J.P. Morgan Bank, Bank GPB, and Sberbank. As of 15 August 2022, the

inflation path, the annual key rate will average 6.5–8.5% p.a. in 2023 and 6.0–7.0% in 2024. Notably, in

WEIGHTED BY GDP) Chart 6 INFLATION (WEIGHTED BY GDP) Chart 7 (% p.a.) (% p.a.) 67х82 67х82 11.0 15 Current deviation of inflation from

cbr.ru. Cover photo: Branch of PJSC RusHydro – Sayano-Shushenskaya HPP named after P. S. Neporozhny. Source: Shutterstock/FOTODOM 12 Neglinnaya Street, 107016 Moscow Bank of

p.a. 8.1 9.6 9.3 8.2 household loans % p.a. 11.4 11.4 15.2 15.1 corporate loans % p.

Bank of Russia cuts key rate by 150 bp to 8.00% p.a. On 22 July 2022, the Bank of Russia Board of Directors