Draft Monetary Policy Guidelines for 2025–2027 published
29 August 2024
News
The Bank of Russia’s draft document stipulates the goal and principles of its monetary policy and presents the baseline and three alternative scenarios of economic development for the next three years, namely a disinflationary, proinflationary and risk scenario.
Whatever the scenario, monetary policy will be aimed at returning inflation to 4%. To this end, the Bank of Russia will implement appropriate measures depending on the situation in the economy, inflation trends, and the environment in financial markets.
The draft contains appendices and boxes on subsidised lending, inflation in Russian regions, the reasons for the deviation of inflation from the target, and others.