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May. • Exchange rate (foreign exchange channel) As of the end of April, the ruble slightly weakened again. The average monthly RUB/USD exchange rate demonstrated

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 65 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 67 3.2.3. Official Exchange Rate:

and stayed within the interest rate corridor as before. Changes in RUSFAR, the exchange benchmark of the secured overnight borrowing rate, were consistent with RUONIA

hitting a new record high over the past two years. The ruble exchange rate was relatively stable, including because monetary policy remained tight. Households’ demand

Q1, the nominal exchange rate of the ruble against the US dollar dropped by 20% YoY, and the real effective exchange rate of the ruble

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

steering the exchange rate: a fixed rate or a managed rate. The reasoning is that inflation will not change if the exchange rate does not

exchange rate on consumer price movements remains neutral overall. The price growth median in the group of goods highly sensitive to the ruble exchange rate

foreign investors’ simplified access to foreign exchange regulated market, as well as to exchange-traded interest rate and foreign exchange derivatives. Remote identification for non-residents has

15). • Exchange rate (foreign exchange channel) As of the end of March, the ruble slightly weakened. However, the monthly average ruble / US dollar exchange rate