The Central Bank of Russia (CBR) is still committed to a conservative policy of inflation targeting and believes unconventional monetary policy instruments are counter-indicative for Russia in the current circumstances, CBR deputy governor Alexei Zabotkin said the Treasury international banking forum.
He was responding to a question from the moderator about whether the CBR planned to move away from the classic policy of inflation targeting through the overnight rate, and target longer rates through long-term OFZ federal bonds or swaps..
HIDAYAT TV Official
www.hidayattv.uk