of the review are our internal where to start building a financial management system research, but communication and public discussion, receiving feback on how different audiences perceive the experience of inflation targeting over the past five years, this is also an important part. Internal research is underway. We expect to complete this process by the end of the first quarter of 2022, and accordingly, in the second quarter, to present the results already obtain and the conclusions we come to. In terms of public
— Will you revise your assessment
of the neutral range of the key rate as part of the review?
— The neutral rate range estimate is updat somewhat more frequently than the monetary policy review. Over the past few years, a reasonable tradition has develop that we tie this to the forecast update, which is then includ in the
Main monetary policy guidelines
We disclose our opinion on the possible refinement of the neutral range as part of the main monetary policy guidelines. This was the case this year, but unlike last year, the neutral rate range. Remain a similar school was also held unchang: 1-2% in real terms, 5-6% in nominal terms with inflation. On target and the consistency of inflation expectations with this inflation level. In agb directory essence, the line under the monetary policy review. Will be drawn exactly at the moment when we enter the active phase of preparing the main guidelines. Of course, the conclusions that arise from the review, including on the neutral rate, will be taken into account.