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Inflation targeting: obstacles 

Limited ability of the central bank to control inflation – Inflation is to a great extent explained by non-monetary factors such as stateregulated prices and supply-side factors – High rate of growth of tariffs and other regulated prices prevents sustainable decline in inflation – High share of food in CPI (37.3% of CPI basket in 2012) 24

Monetary Policy in the Environment of Recovery: Russian Experience  

Alexander Kashturov's presentation at "Economies of Baltic Sea Regions and Their Capital Markets: A Sustainable Recovery?"

Monetary Policy in the Environment of Recovery: Russian Experience  

Alexander Kashturov's presentation at "Economies of Baltic Sea Regions and Their Capital Markets: A Sustainable Recovery?"