Activities of the central bank of the Russian Federation in the field of monetary policy

Abstract

In this article the author examines the activity of the Central Bank of the Russian Federation in the sphere of currency policy. The author carries out analysis of transition of the Bank of Russia to the inflation-targeting framework and to the floating exchange rate regime. The new instrument of impact on exchange rate fluctuations is studied as well. This is about discrete auctions in the foreign exchange market. In the research process, positive and negative sides of this mechanism have been revealed and the relevance of its application at the moment has been considered.