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13 December 2017, the National Financial Board (NFB) meeting reviewed the Monetary Policy Guidelines for 2018-2020, as well as information from the Bank of Russia

other types of state support to farmers who have an agricultural insurance policy. The paper analyses possible improvements to the system of subsidies in agricultural

65 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY 2.1. The Bank of Russia Balance Sheet...........................................................................................................................................66 2.2. The

rate at a level that meets the ultimate objective of the monetary policy considering the assessment of inflation risks and economic growth prospects. The Bank

of two supervisory policies with different degrees of tightness. The results of model simulation show that in the short-term a proactive supervisory policy adversely affects

the target scenario may be viewed as a potential contribution by government policy to this development. The target scenario of socio-economic development is based on

to increase their confidence in the inflation targeting policy of the Bank of Russia. • Inflexible pricing policy due to a relatively low level of perceived

complex of economic policy measures. Nevertheless, monetary policy makes a significant contribution to the country’s economic development. We consider monetary policy to be part

both to formulate monetary policy and refine macroprudential regulation measures. Specific case studies included the selection of an optimal monetary policy by an oil-producing country

The Fund confirmed the efficiency of the Bank of Russia's monetary policy and forecast a further reduction in inflation under 3% at end-2017. In