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beginning of this year. ** SAAR – seasonally adjusted annualised rate. Sources: InFOM, Bank of Russia, Interfax, Moscow Exchange. Inflation Expectations and Consumer Sentiment 4 No. 7

the exchange and in the OTC market without any implications for the exchange rate. If these risks materialise, we will clarify a specific mechanism to

and precious metals is converted to rubles using the period average USDRUB exchange rate. Mortgage loans net of claims acquired by banks. Source: Bank of

in the consumer prices of goods and services heavily dependent on the exchange rate accelerated rather than lost momentum. This means a rise in the

business risks, and some strengthening of the negative impact of the ruble exchange rate dynamics. CURRENT ESTIMATES OF CHANGES IN OUTPUT IN PERCENTILES RELATIVE TO

June, but this year, potato supplies notably contracted. Exchange rate In June 2024, the average exchange rate of the ruble rose against all main foreign

2024 Q1. 14 I n 2024 Q2, the nominal exchange rate and the real effective exchange rate of the ruble against the US dollar dropped

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 64 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 66 3.2.3. Official Exchange Rate:

equilibrium and that therefore its money stock does not change), is the exchange rate, and we can set = to be the money stock in the

restore and the exchange rate will become less volatile as foreign exchange market participants adapt to the new conditions. RUBLE EXCHANGE RATE Table 3 USD