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51
30.03.2026
sectors. Fewer companies referred to government regulation and changes in the ruble exchange rate as the reasons behind expected price growth. LABOUR MARKET. In January
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might lead to strengthened volatility in global commodity and financial markets, affecting exchange rate and inflation expectations. The Bank of Russia key rate is within
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in global markets, including due to geopolitical events. This may impact both exchange rate and inflation expectations. In addition, uncertainty remains about how the pandemic
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result, market volatility in emerging market economies might intensify, which can affect exchange rate and inflation expectations. Another group of risks is associated with structural
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settlements were entrusted to the State Bank. It had to establish official exchange rates for precious metals and foreign currency. 1922 A monetary reform was
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27.03.2026
health resort services remained elevated. EXCHANGE RATE Over the period from May 2025 to February 2026, the ruble exchange rate against the main currencies stayed
57 27.03.2026
markets. Firms change their prices depending on many factors, such as inflation, exchange rates, the phase of the business cycle, firms’ financial position, etc. Marya
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27.03.2026
Russia Floating Managed floating exchange rate exchange rate within the operational Advancement of the monetary instrument system Strategy adjustment target Exchange rate policy adjustment Development
59 26.03.2026
exchange rate movements on price changes is called the ‘pass-through’ and is often analysed as an independent inflation factor. A quantification of the Exchange Rate
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targeting regime involves a floating exchange rate determined by supply and demand in the currency market. Under the floating exchange rate regime, the Bank of