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them within the frame- work of operations to implement the state monetary policy. Within the improvement of the existing BRPS in the regio­ nal components,

Russian Federation (Bank of Russia)’. JSC CB PRISCO CAPITAL implemented high-risk lending policy connected with placement of funds into low-quality assets. As a result of

path to its target level, thanks to, inter alia, the current monetary policy. However, the risks of inflation exceeding the 4% target in 2017 remain,

impact of this factor on money supply will depend on the fiscal policy. Research and Forecasting Се ри я до кла до в Department Analytical

of China will closely cooperate and exchange information on supervisory and regulatory policy, development of arrangements aimed at enlarging mutual cooperation in this sphere. By

threat to the depositors’ and creditors’ interests. JSC Ruscobank implemented high-risk lending policy connected with placement of funds into assets of unsatisfactory quality. The adequate

MONETARY POLICY 01.11.2009 – 0.2 BANK OF RUSSIA No. 5 2. MAIN INDICATORS AND INSTRUMENTS OF THE BANK OF RUSSIA MONETARY POLICY (276

decisions. I insist that the policy of dragging inflation down to 4% is in line with the general economic policy designed to create conditions for

decisions. I insist that the policy of dragging inflation down to 4% is in line with the general economic policy designed to create conditions for

the growth of market participants’ confidence in the Bank of Russia’s policies and decreased inflation expectations. Average inflation expectations for the next 7 years