Draft Monetary Policy Guidelines for 2024–2026 published
11 August 2023
News
The draft document describes the goals, principles and instruments of the Bank of Russia’s monetary policy in the conditions of the continuing transformation of the domestic economy. The guidelines take into account the results of the Monetary Policy Review analysing the efficiency of monetary policy since the transition to the inflation targeting strategy.
The document presents the baseline and alternative forecast scenarios of the economic situation for the next three years. Whatever the scenario, monetary policy will be aimed at returning inflation to 4%. The Bank of Russia will implement monetary policy measures depending on the situation in the economy, inflation trends, and the situation in financial markets.