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701
12.05.2025
in the discussion, the impact of the Bank of Russia’s monetary policy measures on demand and prices has become more pronounced. In 2025 Q1,
No. 4 (100) April 2025
Monetary policy and inflation expectations
Inflation expectations of economic agents influence how effectively monetary policy will be able to
control
divisions of the Bank of Russia regional branches jointly with the
Monetary Policy Department.
This issue was compiled by the Volga-Vyatka Main Branch of the
monetary transmission mechanism assumes that monetary policy affects inflation through
aggregate demand. Therefore, the key condition for effective monetary policy is a significant and
stable
expectations and monetary policy’. Federal Reserve
Bank of San Francisco.
Clarida, R., Gali, J. and Gertler, M. 1999. ‘The science of monetary policy: a new
706
30.04.2025
changes in business activity, which raises questions about the efficiency of monetary policy.
One of the most effective ways to solve the problem of the
707
30.04.2025
Russia to better manage inflation expectations of the population and improve communication policy, which ultimately can contribute to macroeconomic stability.
Full text of the research
708
29.04.2025
price dynamics. This offers a clearer understanding of the reasons behind the Bank of Russia’s monetary policy decisions.
Preview photo: Collection Maykova / Shutterstock / Fotodom
709
29.04.2025
Information Technology Department
The Information Technology Department (ITD) elaborates the Bank of Russia’s IT policy enabling the integration of all changes and initiatives in
to svc_analysis@cbr.ru.
This commentary was prepared by the Monetary Policy Department.
Cover photo: Shutterstock/FOTODOM
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