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sustainable growth as the coronavirus situation returns to normal. The medium-term economic growth path will be largely influenced by further coronavirus pandemic developments in Russia

to the autumn rise in put downward pressure on money market rates. coronavirus cases. Furthermore, the demand As banks adjusted to the changed environment, for

effects caused by 4 anti-coronavirus restrictions 3 The autumn rise in the coronavirus incidence 2 has a significantly lower impact on prices for goods 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

as a result of supply- side factors related, in particular, to the coronavirus pandemic. Annual inflation increased by 0.32 pp to 3.99%, including

the back of the exchange rate fluctuations. The autumn rise in the coronavirus incidence did not lead to significant changes in consumer behaviour and price

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