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said parameters were set in March 2020 to support SICIs amid spreading coronavirus. These measures were temporary, and they will expire on 31 March 2021.

in January. As a result, the average interest uncertainty caused by the coronavirus rate on retail deposits may be expected to hover pandemic, banks remained

No. 1 / JANUARY 2021 3 EXECUTIVE SUMMARY MONTHLY SUMMARY Due to the coronavirus crisis, price movements were highly volatile in Russia in 2020, with alternating

and business sentiment in the context of partially lifted restrictive measures and coronavirus vaccination coverage. Sources: IHS Markit 10 GDP growth and basic output indicator

at 175 bp above the key rate. to the spread of the coronavirus infection. At auction means the amount of funds extended (transferred) by the

epidemic situation will improve, as well as adverse structural consequences of the coronavirus crisis. More details are available in the new issue of the review

2021 BOX 1. IMPACT OF THE CORONAVIRUS PANDEMIC ON REGIONAL LABOUR MARKETS Due to the outbreak of the coronavirus pandemic in 2020, countries introduced a

Second, both households and businesses were better prepared for the resurgence of coronavirus cases and adjusted faster. Credit activity did not decline, and consumer demand

and business sentiment in the context of partially lifted restrictive measures and coronavirus vaccination coverage. The Bank of Russia forecasts the recovery growth of the

steady upward trends, including as a result of a fast expansion of coronavirus vaccine production. The domestic tourist flow increased significantly during the New Year