LI Zhonghai
(№.1,2012)
Abstract: As a high-infl ation country, Russia was making preparations for bringing in an infl ation target framework in recent years. The infl ation target which sprang up in the early 1990s was a monetary policy system or policy framework targeted at a lower and more stable infl ation. Given complicated causes of Russia’s infl ation, meeting with obstacles of social system and environment, it is difficult for Russia to carry out inflation target in an allround way in near future. But, at the monetary policy level of the central bank, it is possible to adopt some essential elements of the infl ation target framework in order to create conditions for an all-round practice of the infl ation target when the conditions become mature.
Key words: Russia; infl ation; infl ation target framework
