The socialist party has made a draft on responsibility of the Central Bank for the economy in Russia

The socialist party has made a draft on responsibility of the Central Bank for the economy in Russia


The bill proposes to establish that one of the functions of the Bank of Russia is the effective management of monetary policy instruments. Provides and annual report on monetary policy.

MOSCOW, 29 Oct. Deputies from “Fair Russia” headed by faction leader Sergei Mironov submitted to the state Duma a bill that increases the liability of the Bank of Russia for the economic situation in the Russian Federation, reports the press service of the faction.

The amendments were made to the law “On Central Bank of the Russian Federation (Bank of Russia)”.

As noted in the explanatory document, the law provides the indicators for assessing the performance of the Bank of Russia and its governing bodies when you use those or other mechanisms of monetary policy, as well as monitoring of their achievement.

“The lack of control for effective use of the Bank of Russia the mechanisms of monetary policy does not fully stimulate the economic growth of the Russian Federation”, — say the authors of the bill.

The bill proposes to establish that one of the functions of the Bank of Russia is the effective management of monetary policy instruments. It is also envisaged that the basis for the development of a single monetary policy are the indicators of assessment of efficiency of activity of the Central Bank, approved by the President of the Russian Federation.

Under the bill, the indicators of assessment of efficiency of activity of the Central Bank and its governing bodies in the implementation of a uniform state monetary-credit policy will be reflected in the annual report submitted to the state Duma.

“The Bank of Russia and the management bodies are responsible for achievement in the next reporting period planned values of indicators on the basis of Russian legislation”, — stated in the bill.