The Impact of Monetary Policy on Inflation and Economic Growth in the Russian Federation

Despite external sanctions pressure, the Russian economy has until recently developed opportunities to accelerate economic growth, create new technological niches, and import-substituting industries focused primarily on domestic demand. It would seem crucial to give this impulse the necessary support. After all, the creation and growth of new industries leads to increased income in the economy, an expansion of the competitive environment, and a curb on price increases. However, the monetary policy pursued by the Bank of Russia does not always correspond to the objectives of stable economic development, improving the standard of living of the population, and achieving technological sovereignty. Aimed at combating inflation, this policy does not always lead to a slowdown in price growth. This work is devoted to the analysis of its impact on inflation and economic growth in Russia.