The expectations now come from sdr: what is it, its function and why should you have one on your sales team? the fact that the Fed and the ECB are very focused on explaining to the market in detail and in advance the upcoming changes in monetary policy. At the moment, we see that this is working. If more volatile conditions arise, we always have tools from the financial stability arsenal to respond to this. Of course, the trajectory of normalization of global monetary policy to some extent affects our policy.
— Is your forecast for an even faster start to normalize monetary policy in developed countries?
The benchmarks for the rate of normalization
that financial markets are currently expecting and that the central banks themselves are communicating are within the forecast. A very important caveat is that monetary policy remains very soft for now. Normalization will go from a very soft state to soft, then neutral, then… and this process will stretch out over several years. There is probably no reason to say that this could create any serious effects in the near future. We will be watching closely, because it is already clear that the inflation assessment by global how did you manage to earn central banks is gradually changing and shifting closer to ours.
How do you forecast the situation
The Russian economy to develop in the fourth quarter? Is it likely that by the end of 2021, GDP dynamics will be agb directory closer to the upper limit of your range?