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vulnerability of the financial system to both internal and external shocks (the coronavirus pandemic became such a shock in 2020). As a result of the

external demand amid a Construction Agriculture Manufacturing Mining and quarrying resurgence of coronavirus cases in a range of Basic indicator Key indicator including wholesale, % excluding

the increased volatility in global financial markets in the context of the coronavirus infection outbreak 10 August 2020: The Bank of Russia reduced risk weight

further in response to rising coronavirus contagions. This will bring about inflation acceleration from last year’s low base. Soaring coronavirus contagions may have a

resilience. Having in part taken the brunt of the damage inflicted by coronavirus, banks are projected to bear it without causing problems for depositors or

of the forecast are highly uncertain due to the impact of the coronavirus pandemic, as noted by the IMF mission. Moreover, IMF experts emphasise that

regarding the outcome of the US presidential election. However, the surge in coronavirus cases and the reintroduction of lockdowns in the second half of the

downwards since the considerable food prices. Proinflationary pressure on non- rise in coronavirus infection cases adversely food prices was caused by the weaker ruble and

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

ADDRESS THE ECONOMIC CONSEQUENCES OF THE CORONAVIRUS PANDEMIC Measures implemented by the Bank of Russia The outbreak of the coronavirus and the anti-pandemic measures induced