Template-Type: ReDIF-Paper 1.0
Author-Name: Pavel Trunin
Author-Name-First: Pavel
Author-Name-Last: Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Alexandra Bozheckkova
Author-Name-First: Alexandra
Author-Name-Last: Bozheckkova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Monetary policy
Abstract: In 2024, monetary policy of the Bank of Russia was performed amid rapid increase in aggregate demand compared to the supply expansion opportunities, accompanied by a significant growth in consumer prices and inflation expectations. In such circumstances, the CBR pursued a tight monetary policy aimed at achieving price stability.
Classification-JEL: E31, E43, E44, E51, E52, E58
Keywords: Russian economy,monetary policy, money market, exchange rate, inflation, balance of payments, fiscal policy
Creation-Date: 2025
Revision-Date: 2025
Length: 29 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2025-1404.pdf
File-Format: application/pdf
File-Function: Revised Version, 2025
Handle: RePEc:gai:ppaper:ppaper-2025-1404