Russian inflation and monetary policy

Russian inflation and monetary policy

Russian inflation has been a persistent issue for the country in recent years. The Central Bank of Russia has been implementing various monetary policy measures to combat this problem, including adjusting interest rates and managing the money supply.

The main goal of the Central Bank is to keep inflation within a target range, typically around 4%. However, external factors such as fluctuations in oil prices and geopolitical tensions can impact the effectiveness of these measures.

In response to the COVID-19 pandemic, the Central Bank has taken additional steps to support the economy, including cutting interest rates and providing liquidity to financial institutions. Moving forward, the Bank will continue to closely monitor inflation and adjust its policies accordingly to ensure economic stability.