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disposable income and Other restrictions implemented to contain the spread GFCF of coronavirus (Charts 1 and 2). Contraction in Household consumption investment activity amid growing

hardships. To a certain extent, banks are bearing the brunt of the coronavirus pandemic in the economy. Furthermore, the accumulated safety cushion secures the sustainability

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

activity development. New coronavirus contagions have started to pick up rapidly in Russia and across the world. The prevention of the coronavirus spread may require

growth path will be largely influenced by the upcoming budget consolidation, further coronavirus pandemic developments across the globe and in Russia, as well as by

so much uncertainty. There may emerge absolutely unpredictable events, such as the coronavirus pandemic. Nobody could expect this, and it has dramatically affected not only

the global financial markets. Due to the concerns around further strengthening of coronavirus and the likelihood of new lockdowns, investors flew from risky assets. The

from popular), this factor failed to produce any effect on inflation. The coronavirus situation was one of the drivers behind inflation this year. Consumer activity

of Certain Measures to Contain the Effects of the Spread of the Coronavirus Infection (Covid-19)’; Bank of Russia Information Letter IN-06-59/141, dated 30 September

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