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of gradually attenuating disinflationary factors in the coming months.
Figure 10. USD exchange rate to the ruble (%) Figure11. Modified core inflation indicators*
and median CPI
Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 60
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 62
3.2.3. Official Exchange Rate:
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measure is the difference between a ruble-denominated interest rate (e.g., RUONIA) and the indicative exchange rate for CNY/RUB FX swaps.
The absolute majority
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cannot expand, the exchange rate will be weakening and, accordingly, inflation will be accelerating because of this weakening of the exchange rate.
In contrast, when
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restrictions can further weaken demand for Russian exports, contributing to inflation through exchange rate movements. Moreover, the increasing complexity of production, supply chains and payments
All-Russian currency classifier
-
32
Amount of operation
in rubles at the internal
exchange rate
CO
Field "Operation currency" ? [RUB]
Amount accurate to two decimal places
amid limited supply and, in contrast to other durable goods,
low stocks.
Exchange rate
In April 2023, the ruble continued to depreciate against the major
exchange rate, which weakened
further over the period after the publication of MPR 1/23. During the second half of April, the ruble exchange
rate