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household deposits % p.a. 5.5 5.2 4.9 - – household loans % p.a. 12.4 12.1 11.8 - – corporate loans % p.a. 8.

3 of Clause 38.3 of Bank of Russia Regulation No. 706?P, dated 19 December 2019, ‘On Securities Issue Standards’. The issue presents consolidated

of the rating — ‘BB-’ according to the international rating scale of S&P Global Ratings, or ‘ВВ-’ according to the international rating scale of Fitch

confirm previous studies (Bank of Russia, 2016, p. 17) and official statements by the Bank of Russia (2018, p. 3). In Figures 1 and 2,

and are experimenting with multiple instruments, including foreign securities beyond the S&P 500 (recently, they have started to purchase Zoom’s shares). They are

shock p,o t follows AR(1) process: log(p,o p,o p,o p,o t ) = log(t1 ) + t , (72) where p,o

accrued in their customer accounts the average net yield of 8.2% p.a. — well above the annual inflation reading (3%). These figures are reported

German bonds hit -0.8% p.a. at the lowest, and yields on British bonds 95 stood at 0.16% p.a.; these yields were

household deposits % p.a. 5.6 5.5 5.2 – household loans % p.a. 12.1 12.4 12.1 – corporate loans % p.a. 8.