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 Author-Name: Alexander Knobel Author-Name-First: Alexander Author-Name-Last: Knobel Author-Workplace-Name: Gaidar Institute for Economic Policy Title: Monetary policy Abstract: In 2025, the Bank of Russia’s monetary policy was conducted as the economy gradually 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: 2026 Revision-Date: 2026 Length: 15 pages File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2026-1626.pdf File-Format: application/pdf File-Function: Revised Version, 2026 Handle: RePEc:gai:ppaper:ppaper-2026-1626