Abstract
In the context of the geopolitical transformation of the modern economy, monetary policy is being modified, which is the basis of macroeconomic trends. The key rate remains the main instrument of monetary regulation, the manipulation of which makes it possible to overcome high inflation expectations. The measures of monetary policy should include measures to control the movement of capital. The requirement imposed by the Bank of Russia on the mandatory sale of foreign exchange earnings of exporters allowed to stabilize currency volatility. Measures to increase the stability of the banking sector are of great importance. Mandatory reserves have been optimized to increase the flexibility of banks in managing their own funds. In order to adapt to longer-term structural changes, credit institutions were provided with a large-scale package of temporary support measures. Among them is the possibility of fixing the exchange rate and the value of assets for calculating standards. Measures have been introduced to support borrowers, and preferential lending programs for borrowers have been adopted. Modern instruments of monetary policy are communications. With their help, the central bank influences the degree of confidence in the policy being pursued. Short-term measures were taken to support the restructuring of the Russian economy in the face of sanctions, such as reducing administrative pressure on business, simplifying customs and transport clearance procedures, product certification, and accelerating the introduction of digital technologies. Thus, monetary policy acquires new imperatives.
Published Version
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