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About Bank of Russia
Publications

Guidelines for the Single State Monetary Policy

Monetary Policy Guidelines for 2026–2028
Draft as of 2 September 2025
Monetary Policy Guidelines for 2025–2027
Monetary Policy Guidelines for 2024–2026
Monetary Policy Guidelines for 2023–2025
Monetary Policy Guidelines for 2022-2024
Key points
Monetary Policy Guidelines for 2022-2024
Monetary Policy Guidelines for 2021-2023
Monetary Policy Guidelines for 2021-2023
Key points
Monetary Policy Guidelines for 2020-2022
Monetary Policy Guidelines for 2020-2022
Key points
Monetary Policy Guidelines for 2019-2021
Monetary Policy Guidelines for 2018-2020
22.11.2016
Monetary Policy Guidelines for 2017-2019
24.11.2015
Guidelines for the Single State Monetary Policy in 2016 and for 2017 and 2018
24.11.2014
Guidelines for the Single State Monetary Policy in 2015 and for 2016 and 2017
11.12.2013
Guidelines for the Single State Monetary Policy in 2014 and for 2015 and 2016
29.12.2012
Guidelines for the Single State Monetary Policy in 2013 and for 2014 and 2015
27.06.2012
Guidelines for the Single State Monetary Policy in 2012 and for 2013 and 2014
27.06.2012
Guidelines for the Single State Monetary Policy in 2011 and for 2012 and 2013
27.06.2012
Guidelines for the Single State Monetary Policy in 2010 and for 2011 and 2012
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Last updated on: 02.09.2025
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