The National Financial Board of the Central Bank of Russia met to review the Monetary Policy Guidelines for 2026–2028, hear an update from the Bank of Russia Board of Directors on key supervisory and operational issues in the third quarter of 2025, and consider the annual report of the Bank of Russia Chief Auditor. It also approved planned spending items and internal regulations covering accounting and provisioning at the central bank. The Board assessed the results and prospects of incentive-based regulation in the banking sector, discussed a mechanism for insuring household funds held in individual investment accounts, and received a progress report on key development stages of the digital ruble platform project. Approved expenditures covered staff remuneration, pension provision, personal insurance for Bank of Russia employees, capital investment, and other general and administrative expenses.
Central Bank of Russia 2025-12-16
Central Bank of Russia’s National Financial Board reviews 2026–2028 monetary policy guidelines and approves expenditure plans and internal accounting rules
The National Financial Board of the Central Bank of Russia reviewed the Monetary Policy Guidelines for 2026–2028 and discussed key supervisory and operational issues from Q3 2025. The Board assessed incentive-based regulation in the banking sector, considered insuring household funds in individual investment accounts, and received updates on the digital ruble platform project. It approved expenditures for staff remuneration, pensions, insurance, capital investment, and administrative expenses.