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is going to happen to the exchange rate of the ruble over the next Assessment two years? The exchange rate… [‘it is likely to hold

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 68 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 70 3.2.3. Official Exchange Rate:

welfare channel), and the ruble exchange rate (the foreign exchange channel).1 Through any of these channels, higher market rates constrain demand and inflation, while

is about the exchange rate. While previously the impact of the Bank of Russia’s key rate decisions on the ruble exchange rate was noticeable,

the exchange rate on price rises remains neutral. The median of price growth in goods and services highly sensitive to the ruble exchange rate has

VKontakte WhatsApp Telegram As of the end of the month, the ruble exchange rate returned to the levels of early June 2024. By the end

exchange rate for the funds credited to the account before 9 September 2022. Funds credited after 9 September 2022, should be withdrawn at the exchange

exchange rate set by the Bank of Russia increased by 27.5%, the EUR/RUB exchange rate – by 31.1%, the CNY/RUB exchange rate

beginning of this year. ** SAAR – seasonally adjusted annualised rate. Sources: InFOM, Bank of Russia, Interfax, Moscow Exchange. Inflation Expectations and Consumer Sentiment 3 No. 8

our decisions. The level of the key rate drives loan and deposit rates as well as the exchange rate of the ruble. As it changes