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intensified, while the effect of ruble the locations of their permanent employment. exchange rate movements weakened. 11 Regional Economy. March 2021 MAIN BRANCH FOR CENTRAL

the exchange rate itself, a steadier exchange rate is something that many are interested in, I mean, households and businesses. A steady exchange rate of

various geopolitical developments, among other factors, which may have an effect on exchange rate and inflation expectations. Given that the global economic recovery is progressing

price rises. The pace of price hikes in goods highly sensitive to exchange rate movements (electrical goods and other household appliances, personal computers, tools and

3-month inflation, SA, annualised, % (right-hand scale) it was also affected by ruble exchange rate Sources: IHS Markit PMI, Rosstat. movements. The continuing growth of output

using forecast combination approach February 2021 of Russia’s forecasts (oil prices, exchange rate, etc.) and a vast array of monthly statistics, which allows us

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 88 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 90 3.2.3. Official Exchange Rate:

stability, the economy demonstrates better resilience to external shocks. FLOATING EXCHANGE RATE REGIME An exchange rate regime, under which the central bank does not set

Inflation targeting Active inflation Liquidity Transition deadline Key rate Floating exchange announced targeting management set introduced rate introduced Dec 2018 Dec 2019 Jan 2021 communications