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year. In a situation, when prolonged accelerated credit growth is accompanied by reducing capital adequacy ratio, the Bank of Russia decided to set a positive

80+)4 2,0 н/п н/п н/п 0,7 1,1 1,5 2,0 Transfer to a more balanced structure of

payments and business-to-business transfers. The digital ruble is a digital form of the national currency and a convenient tool for making secure payments and money

medium-term forecast is updated four times a year. It is supported with a modelling framework, which is detailed in a section of the Bank of

three alternative scenarios of economic development for the next three years, namely a disinflationary, proinflationary and risk scenario. Whatever the scenario, monetary policy will be

Ж.И., Нелюбиной А.С. за комментарии и допол- нения к работе, а также Левашовой О.Е., Воронцовой А.Р., Лысенко Г.В., Левиной Е.

of inflation expected by Russians in a year rose to 12.9% in August 2024 from 12.4% a month earlier, according to InFOM’s

the formulas (A.1)-(A.3), (A.13) imply pd = BY 1 , (A.37) dpd Y = B(1 )Y < 0, (A.38) dA A 2

years. The term refers to a situation in which a well-intended climate policy leads to adverse results, such as a rise in greenhouse gas emissions.

4 80.7 80.9 80.7 80.6 80.8 х х х х estimates, % Investment activity, current estimates -2.2 6.7 0.