On Guidelines for the Single State Monetary Policy for 2026–2028: The Financial University Experts’ Opinion

This study’s subject is to examine the goals, measures, and tools, along with macroeconomic effects of Russia’s monetary policy (MP) from 2026 to 2028, the Central Bank’s methods, and economic forecasts. The paper aims to analyze and examine the «Guidelines for the Single State Monetary Policy for 2026 and the Period 2027–2028» document. Also, the objective is to examine the characteristics and issues of MP in the medium-term, its impact on Russia’s economic progress, economic structural changes, and the boosting of domestic growth drivers. The authors are also looking at the issues of contemporary MP principles, their openness and effectiveness, characteristics of the modern MP transmission mechanism, and the Bank of Russia’s communication strategy. As a result, the research showed that medium-term MP would be countercyclical, and wouldn’t directly address the key economic goal of balanced, sustainable national growth. It was concluded that the document had deserved a positive evaluation, considering the comments and recommendations of experts from the Financial University under the Government of the Russian Federation.

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