Moderately Tight Monetary Policy is Necessary to Achieve the Inflation Target in 2017
This article considers current inflation dynamics which, according to Bank of Russia forecasts, is on a downward path towards 4% target in 2017. Nevertheless, there are risks, both internal and external, which can hold back disinflation process. Bank of Russia can neutralize negative effects stemming from these risks by keeping moderately tight stance of its monetary policy.