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ВАЛЮТНЫЙ РЫНОК И ДЕНЕЖНО- КРЕДИТНАЯ ПОЛИТИКА БАНКА РОССИИ Игорь МАРИЧ Управляющий директор по Денежному рынку

Игорь МАРИЧ Управляющий директор по Денежному рынку

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Игорь МАРИЧ Управляющий директор по Денежному рынку. ВАЛЮТНЫЙ РЫНОК И ДЕНЕЖНО-КРЕДИТНАЯ ПОЛИТИКА БАНКА РОССИИ. ОСНОВНЫЕ МАКРОФИНАНСОВЫЕ ИНДИКАТОРЫ РОССИИ. Рост реального ВВП, %. Суверенный долг в % к ВВП. Номинальный ВВП, $ трлн. Nominal GDP (2013E, USD trn ). - PowerPoint PPT Presentation

Text of Игорь МАРИЧ Управляющий директор по Денежному рынку

2013

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1CPI, RUB/USD, MosPrime3M Nominal GDP (2013E, USD trn) , $Real GDP growth (average for 2010-2013E)

, % % Sovereign debt as % of GDP (2013E)Budget balance as % of GDP (2013E) % , , % #1#2#3#4#5#6#7#8#9#10#1#2#3#4#5#6#7#8#9#10Equity market capitalisation to GDP (2013E)Ranking by 2013E GDP#Having spoken in detail about the current state of our franchise, we would like to shift your attention to the future potential of the Moscow ExchangeTo put it into context, Moscow Exchange operates in a truly enviable domestic environment. While there has been various levels of negative sentiment directed at Russia over the years, looking at the underlying data truly highlights the strong potential of the countryRussia has a unique distinction of being one of the largest but also fastest growing economies. We are the 9th largest economy globally and out of the top 15, are the 3rd fastest growing behind only China and IndiaUnlike other nations however, this growth hasnt been achieved due to expansion of the governments balance sheet, like in so many other markets. Russia has one of the lowest levels of government indebtedness amongst major economies and is the only one with a positive budget balanceThese strong underlying economic fundamentals have resulted in declining rates of inflation and a stabilisation of the currencys exchange ratesIn front of this strong economic backdrop, Russias capital markets remain underpenetrated even compared to global emerging markets with strong growth potential

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