Template-Type: ReDIF-Article 1.0
Author-Name:Drobyshevsky Sergey
Author-Name-First: Sergey 
Author-Name-Last:Drobyshevsky 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Trunin Pavel
Author-Name-First: Pavel 
Author-Name-Last:Trunin 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Goryunov Evgeny 
Author-Name-First: Evgeny 
Author-Name-Last:Goryunov 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: The main areas of monetary policy: price stability, resistance to shocks
Abstract: The draft Guidelines for the Single State Monetary Policy (hereinafter – the Draft) prepared by the Bank of Russia does not involve significant changes in monetary policy in the upcoming mid-term period. Russian monetary authorities see their main task in maintaining price stability and improving financial sector resilience to possible macroeconomic shocks. The Bank of Russia does not give up the goal of reducing consumer inflation to 4% by the end of 2017, so the regulator plans to maintain a moderately tight monetary policy. There are no plans for active intervention in the foreign exchange market, and the exchange rate will remain floating.
Classification-JEL: E31, E43, E51
Keywords:  INFLATION AND MONETARY POLICY,  Russian Economy
Year: 2016
Issue:12
Month: December
Pages: 2-5
File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-12-799.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:recdev:recdev-2016-12-799