The Bank of Russia has released its strategic document outlining the monetary policy guidelines for 2025 to 2027. This document explains the goals and principles of implementing monetary policy in the current economic conditions. It also presents baseline and alternative scenarios for economic development over the next three years.
The draft document was previously reviewed by the Government of the Russian Federation and discussed by the State Duma during working meetings.
The final version of this document incorporates the key rate decision made by the Bank of Russia on October 25, 2024. It also includes updated parameters from forecast scenarios, along with statistics and other data available as of October 18, 2024.
Additionally, the Bank of Russia has published a calendar detailing key rate decisions for 2025.