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Despite being a relatively new field of study, financial literacy has become increasingly important for governments and citizens.

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RUSSIA ECONOMIC REPORT 39

Russia’s economic recovery continues, amidst relatively high oil prices and enhanced macroeconomic stability.

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Russia in Figures

Find data and facts about the country's development progress.

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Monetary policy remained consistent with the inflation-targeting regime, and is moving from moderately tight to neutral. Moderately tight monetary and fiscal policies, in combination with a favorable external environment and some one- off factors, let the Central Bank of Russia (CBR) to reach a record-low level of CPI inflation in 2017. CBR continued its gradual approach to monetary easing, moving from a moderately tight policy to a neutral one. Annual inflation now stands at a record-low level, even below the CBR’s target of 4 percent, while inflation expectations, though trending downward, remain elevated (Figure 5a). However, pro-inflationary factors are on the rise, as discussed later in the outlook section. Russia Economic Report 39

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Experts

Andras Horvai

Country Director and Resident Representative for the Russian Federation

Apurva Sanghi

Lead Economist for the Russian Federation

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