Bank of Russia Continues its Moderately Tight Monetary Policy
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 20, pp. 9-10
2 Pages Posted: 5 Dec 2017
Date Written: December 1, 2017
The monetary policy priority for the coming years is to maintain the inflation rate at 4%, according to the Draft Guidelines for the Single State Monetary Policy in 2018 and for 2019 and 2020. Monetary authorities will continue to pursue a moderately tight monetary policy, but the objective of lowering inflation to the target rate has actually been achieved, and the objective of holding inflation and inflation expectations at the level they are now has come to the fore.
Keywords: Russian economy, central bank, monethary policy, tight monetary policy
JEL Classification: E31, E43, E44, E51
Suggested Citation: Suggested Citation