Translation. Region: Russian Federal
Source: Central Bank of Russia –
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INdocument The Bank of Russia has outlined the goal and main principles of monetary policy. In addition to the one published in July base scenario The project presents three alternative scenarios for economic development over the next three years: disinflationary, proinflationary, and risky.
The scenarios differ in their assumptions, which concern both internal and external conditions. They take into account both emerging trends and possible risks, which allows the Bank of Russia to be prepared for different scenarios.
In all scenarios, monetary policy is aimed at returning annual inflation to 4%. To achieve this goal, the Bank of Russia will take the necessary measures, taking into account the current state of the economy, price dynamics, and the situation on the financial markets.
The document contains appendices and inserts, including on the interaction of monetary and budgetary policies, on changes in banking regulation in 2023–2025 and their impact on monetary policy, on companies’ interest expenses and the cost channel.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.