The Bank of Russia has submitted its updated draft Monetary Policy Guidelines for 2025–2027 to the State Duma. This strategic document outlines the central bank's approaches to implementing monetary policy in the current economic environment. It also presents a baseline and three alternative macroeconomic scenarios for the next three years.
Previously, the draft was submitted for consideration to the President and the Government of the Russian Federation.
The document considers the key rate decision made by the Bank of Russia on September 13, 2024, as well as statistics and other data released from August 22 to September 18, 2024.
A list of changes to the draft was published on August 29, 2024.