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Monetary policy is part of the government's economic policy aimed at improving the welfare of citizens. Bank country implements monetary policy within the inflation targeting regime, and its priority is to ensure price stability, that is, to achieve low and stable inflation. Taking into account the structural features of the Russian economy is set the goal to reduce inflation and maintain it near that level in the medium term.
Monetary policy affects the economy through interest rates, its main parameter is the key rate of the Bank of the State. Because of the timing of the mode of action of monetary policy on the economy, the Bank states in making decisions based on forecasts of economic development and assessment of the risks to achieving the inflation target in the medium-term time horizon, as well as takes into account the risks to sustainable economic growth and financial stability.
Bank State pursues an active information policy, explaining the reasons and the expected results of their decisions in the field of monetary policy, the understanding of which the general public is of great importance to improve the efficiency of the measures of the Bank of the State
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