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and
precious metals is converted to rubles using the period average USDRUB exchange rate.
Source: Bank of Russia.
RUSSIA’S BALANCE OF PAYMENTS INDICATORS IN
exchange rate was
running close to the October 2023 and March–April 2024 levels. This means
that companies could have taken into account these exchange
383
18.11.2024
exchange rate was running close to the October 2023 and March—April 2024 levels. This means that companies could have taken into account these exchange
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:
fuel prices, high global prices, as well as the impact of the exchange rate
on prices for imported materials. There was a marked upswing in
beginning of this year.
** SAAR – seasonally adjusted annualised rate.
Sources: InFOM, Rosstat, Bank of Russia, Interfax, Moscow Exchange.
Inflation Expectations and Consumer Sentiment
3 No.
instruments’).
Floating exchange rate of the ruble
The Bank of Russia pursues a floating exchange rate regime. This means that the exchange rates of
foreign
underpinnings of inflation forecasts (explicit
model, informal arguments, assumptions underlying interest rate
and exchange rate forecasts);
8. Size and readability of executive summaries (length, time
in the goods and
services highly sensitive to changes in the ruble exchange rate did not show a notable correc-
tion in Q3 (Figure 3
was driven by expanding domestic demand and a stronger ruble. The nominal
exchange rate of the ruble against the US dollar was up by 5