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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

the exchange rate sped up in September month-on-month (Chart A-28). However, the three-month moving average growth in prices with low sensitivity to the exchange rate,

5 percentage points for every 10% of exchange rate fluctuations. However, if we look at more long-term exchange rate trends, it becomes clear that the