Russian Central Bank Clarifies Digital Ruble's Impact On Monetary Policy

According to Odaily, the Central Bank of Russia has recently clarified that the introduction of the Central Bank Digital Currency (CBDC), known as the digital ruble, will not alter the way the country manages its monetary policy. In a draft outlining the bank's policy direction for 2025-2027, it was stated that even after the digital ruble is launched, the central bank will continue to use the same tools to target inflation. The emergence of the digital form of the national currency will not affect the mechanism for implementing monetary policy. The Central Bank of Russia will continue to manage money market rates by providing liquidity to banks and absorbing liquidity from them.