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foreign exchange assets and liabilities decreased (Chart 25),
and the annual growth rate of the ruble component of the balance exceeded the annual growth
rate
dependent on exchange rate movements
(Figure 6).
Figure 6. Median price rises in goods and services heavily and
weakly dependent on exchange rate movements
1.
channel Interest rate and credit channel Foreign exchange channel Factors outside the direct impact of monetary policy
for 2020 – 2022
Interbank rates Exchange rate
Asset
by 15.6% on the back of a tax manoeuvre. effective ruble exchange rate against 2018 Q3.
Natural gas. The value of exports of natural
1249
20.11.2019
fluctuations and other external factors. It is ensured owing to the floating exchange rate of the ruble and the implementation of the fiscal rule.
The
Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 87
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 89
3.2.3. Official Exchange Rate: