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

See all articles by Eugene Goryunov

Eugene Goryunov

Gaidar Institute for Economic Policy

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: December 1, 2017

Abstract

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

Goryunov, Eugene and Trunin, Pavel, Bank of Russia Continues its Moderately Tight Monetary Policy (December 1, 2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 20, pp. 9-10, Available at SSRN: https://ssrn.com/abstract=3080867 or http://dx.doi.org/10.2139/ssrn.3080867

Eugene Goryunov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny per., 3-5
Moscow, 125993
Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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