Some recommendations about improvement of "The main directions of the uniform state monetary policy"

Abstract

Today there is a radical restructuring of theoretical and methodological bases of formation of a monetary policy in Russia. The counter-cyclic approach aimed at providing financial stability becomes a basis of regulation of the monetary sphere. On this platform macro-prudential supervision which allows unite various activities of the central bank is formed. Macro-prudential supervision uses tools of a monetary policy and bank micro-prudential supervision. Relevance of information openness and transparency of monetary policy in the conditions of transition to a mode of inflationary targeting grows. Thus current trends in regulation aren't reflected in "The main directions of the uniform state monetary policy". Recommendations about improvement of the main public document of Bank of Russia are presented in article concerning monetary regulation. Offered changes according to the contents of the document, approaches to its logical construction, updating of the name are proved.