The key aspects of Russia's single monetary policy for 2009-2011 have been presented to the State Duma today. In accordance with the Budget Code, the Russian parliament's lower house is to consider the document simultaneously with the adoption of the draft federal budget for these years in its first reading.
According to the country's monetary policy, a consistent reduction in the inflation rate will be the Bank of Russia's top priority over the next three years. The Russian government and the Central Bank have set the target of bringing inflation down to 7.5-8.5 percent in 2009, 5.5-7 percent in 2010, and 5-6.8 percent in 2011, according to the key parameters of Russia's social and economic development forecast. |
