DOI: 10.36871/ek.up.p.r.2021.04.03.016
UDC: 336.71

Authors

I. Yu. SKLYAROV,
Doctor of Economic Sciences, Professor of the Department of Economic analysis and audit, Stavropol State Agrarian University, Stavropol, Russia
Yu. M. SKLYAROVA,
Doctor of Economic Sciences, Professor, Head of the Department of Financial management and banking, Stavropol State Agrarian University, Stavropol, Russia
L. A. LATYSHEVA,
Candidate of Economic Sciences, Associate Professor of Department of Financial Management and Banking, Stavropol State Agrarian University, Stavropol, Russia

Abstract

The article examines the main instruments for implementing the monetary policy of the Bank of Russia. In this regard, it is necessary to monitor changes in the value of the key rate, which may affect the rate of economic growth in the country. Since commercial banks reduce interest on deposits, there is a decrease in the amount of deposited funds. This article discusses the technique of multivariate correlation-regression analysis. As a result of the study, the factors influencing the change in the level of the key rate were established.

Keywords

monetary policy, commercial banks, banking system, Central Bank of the Russian Federation, inflation, inflation targeting.