On the Main Directions of the Unified State Monetary Policy for 2023 and the Period 2024 and 2025: Opinion of Experts of the Financial University

The subjects of the research are tasks, principles, measures and tools, mechanism and factors of implementation of the unified state monetary policy for the medium — t erm period 2023–2025, taking into account the current macroeconomic situation. The purpose of the work is —  based on the examination of the report published by the Bank of Russia “The main directions of the unified state monetary policy for 2023 and the period 2024 and 2025” to identify the problems of the formation and implementation of monetary policy in the medium term in order to successfully achieve the task of transformation of the Russian economy. The report of the Bank of Russia states that the continued targeting of inflation in the medium term as a monetary policy regime increases the efficiency of the use of factors of production in the economy. However, it is noted that the contribution of monetary policy to the economic development of Russia should be more significant due to its conditionality with the process of structural adjustment of the economy and the activation of internal growth factors. Special attention is paid to the problems of modern principles of monetary policy, the effects of its transmission mechanism, the formulation of scenarios of macroeconomic development. Conclusions are drawn that the provisions of the report of the Bank of Russia “The main directions of the unified state monetary policy for 2024 and the period 2024 and 2025” deserve a positive assessment, taking into account the comments and recommendations made by the experts of the Financial University.

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