Features of regulation of inflation expectations and trends in money circulation management in the Russian Federation
https://doi.org/10.26425/1816-4277-2026-1-201-211
Abstract
The article examines the methods and instruments at the disposal of the Bank of Russia, the specifics of their application in the 2020s, and their role within the special conditions of the Russian economy. A review and analysis of statistical indicators characterizing monetary circulation in the Russian Federation and management trends by the Bank of Russia have been conducted. The study compares various monetary policy instruments and identifies the vectors of their interaction and impact on inflation expectations. Particular attention has been paid to the key rate and open market operations, as their simultaneous use may lead to conflicting results. While an increase in the key rate clearly reduces the money supply and positively affects inflation expectations, open market operations are more ambiguous, as the acquisition of government securities by the Bank of Russia can accelerate inflation. The research analyzes the interaction of these factors. Based on the latest Bank of Russia statistical reports, no contradictory consequences of their application were identified.
About the Author
L. A. Burmistrova
State University of Management
Russian Federation
Russian Federation
Larisa A. Burmistrova, Cand. Sci. (Econ.), Assoc. Prof. at the Finance and Credit Department
Moscow
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Review
For citations:
Burmistrova L.A. Features of regulation of inflation expectations and trends in money circulation management in the Russian Federation. Vestnik Universiteta. 2026;(1):201-211. (In Russ.) https://doi.org/10.26425/1816-4277-2026-1-201-211
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