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8.3 8.4 8.0 Household deposits % YoY, AFCR 9.8 9.8 9.0 7.3 – in rubles % YoY 9.9 10.8

Chart 4 SERVICES EXCLUDING UTILITIES Chart 8 (%) (%) 1.0 10 0.9 9 0.8 8 0.8 8 0.7 7 0.6 6

0 25.8 41.8 58.2 July 15.6 35.8 35.3 13.1 45.2 54.8 August 20.8 39.1

monetary policy stance, annual inflation is predicted to stand at 3.8–4.8% in 2020 and endure close to 4% thereafter. Preview photo: Mia

Finance Bank 316 6 Bank GPB (JSC) 354 7 Interprogressbank (JSC) 600 8 PJSC Post Bank 650 9 PJSC Moscow Industrial Bank 912 10 VTB

4 8,1 8,9 80 3,4 4,2 5,0 5,8 6,6 7,4 8,2 9,0 9,8 Source:

currencies –3.8 –5.2 –5.8 –7.8 –8.5 –8.7 –8.1 –7.8 –8.0 –8.0 –7.8 –7.7

05.2017 8.75 8.75 8.75 8.75 — — — 02.05.2017 – 18.06.2017 8.25 8.25 8.25 8.25 — — — 19.