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Supervision Service (Rostechnadzor) is a federal executive authority; it pursues the state policy and regulates industrial and nuclear supervision, controls and supervises the safety of

Payments and Principal Redemption Interest Rates of the Bank of Russia FX Policy Mechanism Liquidity Factors (from 2017 to 2020, inclusive) Liquidity Factors (from 2011

Monetary Policy (dates of changes) Interest Rates on Loans under the Committed Liquidity Facilities (dates of changes) Key Rate Interest Rates on Monetary Policy Operations

Archives Archive databases Archive of documents Regions Monetary policy operations

divisions of the Bank of Russia regional branches jointly with the Monetary Policy Department. This issue was compiled by the Volga-Vyatka Main Branch of the

Department • Financial Stability Department • Financial Monitoring and Foreign Exchange Control Service • Monetary Policy Department • Financial Market Strategy Department • Insurance Market Department • Investment Finance Intermediation Department

interventions, or subsequent policy responses), our forecast must be based solely on the macroeconomic data provided and the behavior of monetary policy up to 2005.

0 % • According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to 4.5–5.5% in 2026.

Russia takes the collected data into consideration when making decisions on monetary policy to analyse and forecast inflation and identify key trends in the economic

framework of monetary policy • Work stream 3: Retrospective assessment of the effectiveness of monetary policy • Work stream 4: Communication as a monetary policy instrument • Work