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government bond yields. The parameters of the scenarios now include the forecast exchange rate of the Chinese yuan against the ruble. In addition, the Bank

from inflation and the economy — from a situation where prices and the exchange rate rather than output and real consumption become much more responsive to

another foreign currency). The amounts of transfers are calculated at the official exchange rate of foreign currencies against the ruble as of the date when

exchange rate fluctuations were minor compared to autumn 2023. The growth rates of prices for goods that are more and less responsive to exchange rate

No. 2 (20) February 2024 • Exchange rate (foreign exchange channel) After a slight strengthening in January, the ruble exchange rate somewhat weakened by the end

exchange rate. The effect of our monetary policy as well as changes in the balance of trade are the main determinants of the exchange rate.

highly sensitive to exchange rate movements became close to that of price rises in the group of goods weakly sensitive to exchange rate fluctuations. This

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 62 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 64 3.2.3. Official Exchange Rate:

foreign currency in the ruble equivalent at the Bank of Russia’s exchange rate as of the payment date. If the transaction amount, regardless of

as of the date of withdrawal at the Bank of Russia’s exchange rate for the funds credited to the account before 9 September 2022.