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wage inflation. The dependent variables are the logarithm of volume of mortgage issuance (Panel A), the logarithm of the average loan size (Panel B), the

it effects of the actual implementation of the policies? It is a distinguishing feature of the paper that it estimates The formal tests of the

Sources: InFOM, Bank of Russia calculations. The estimates of the balance of responses to the questions about changes in future inflation INDICATORS OF PRICE MOVEMENTS

potential of a part of Russian enterprises, while expanding the potential of others. In this regard, it is critical not to miss the moment of

00 Session 2 Chair: Andrey Sinyakov, Deputy Director of Research and Forecasting Department, Bank of Russia Effects of Macroprudential Policies on Bank Lending and Credit

providing the requested data, survey participants and points of contact at the Bank of Russia. The Bank of Russia’s structural units responsible for survey

3.74 trillion rubles. Further details of developments in residential equity construction financing are published on the Bank of Russia website. Preview photo: Bannafarsai_Stock

of criminal offence, the Bank of Russia submitted relevant information to the Prosecutor General’s Office of the Russian Federation and the Investigative Committee of