Template-Type: ReDIF-Article 1.0
Author-Name:Ye. Goryunov
Author-Name-First:Ye. 
Author-Name-Last: Goryunov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:P. Trunin
Author-Name-First:P. 
Author-Name-Last: Trunin
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: THE RF CENTRAL BANK’S COURSE IS TO ACHIEVE MEDIUM-RUN STABILITY
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.
Classification-JEL:G1, G3, G15
Keywords: CENTRAL BANK’S COURSE, Russian Economy
Journal: Russian Economic Developments
Year: 2015 
Issue: 12
Month: December
Pages: 9-12
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/651Trunin.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:651