THE RF CENTRAL BANK’S COURSE IS TO ACHIEVE MEDIUM-RUN STABILITY

Eugene Goryunov and Pavel Trunin

Russian Economic Development, 2015, issue 12, 9-12

Abstract: The Bank of Russia medium-run monetary policy course is to remain unchanged: the regulator will continue its efforts to bring the inflation rate down to 4% in 2017. This follows from the draft of the Guidelines for the Single State Monetary policy in 2016 and for 2017 and 2018. For this goal to become achievable under the existing conditions, the monetary authorities will have to maintain the key rate at its present-day level. The reasons for this state of aff airs are the high inflation expectations and a slower decline in its rate than has been expected.

Keywords: CENTRAL BANK’S COURSE; Russian Economy (search for similar items in EconPapers)
JEL-codes: G1 G15 G3 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iep.ru/files/RePEc/gai/recdev/651Trunin.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:651

Access Statistics for this article

Russian Economic Development is currently edited by Alexei Vedev

More articles in Russian Economic Development from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Olga Beloborodova ( this e-mail address is bad, please contact ).