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On the Bank of Russia FX policy (Unofficial translation) 10 December 2013 Press release Share VKontakte WhatsApp Telegram Effective from 10 December 2013 the Bank

Monetary Policy’ section, the ‘Bank and implementation of Bank of Russia FX policy of Russia FX policy’ subsection). 8 No. 4 • October 2013 Monetary Policy

On the Bank of Russia FX policy (Unofficial translation) 21 October 2013 Press release Share VKontakte WhatsApp Telegram Effective from 21 October 2013, the Bank

page – Monetary policy (http://www.cbr.ru/dkp/) Monetary policy Guidelines for the Single State Monetary Policy Archive of documents since 2000 Monetary Policy Report

FX policy mechanism is published on the Bank of Russia website in the subsection “The Bank of Russia FX policy” of the “Monetary policy” section.

monetary policy transparency and improve its understanding by economic agents which contribute to strengthening the interest rate and information channels of the monetary policy transmission

page – Monetary policy (http://www.cbr.ru/dkp/) Monetary policy Guidelines for the Single State Monetary Policy Archive of documents since 2000 Monetary Policy Report

Countercyclical or stabilising fiscal policy implies the tightening of fiscal policy at times of economic ‘overheating’ and an easing of policy at times of economic

1. Quantitative indicators of monetary policy and the monetary programme................................23 IV.2. Exchange rate policy...........................................................................................................25 IV.3. Monetary policy instruments and their application.

The Decision on the Bank of Russia exchange rate policy implementation (Unofficial translation) 24 July 2012 Press release Share VKontakte WhatsApp Telegram The Bank of