The Central Bank of Russia has published the third 2025 issue of its quarterly Russian Journal of Money and Finance, featuring research on how regional heterogeneity affects monetary policy transmission, how social networks can be used to gauge public perception of the central bank, and methods to measure financial culture. One paper examines differences across Russian regions in economic structure and household income and asset composition, and links these differences to how strongly inflation responds to monetary policy shocks. It associates a stronger inflation response with regions that have a higher share of wages in incomes and more households that have a high propensity to save and access to credit, while noting that regional advantages and constraints can spill over through a common labour market, trade links, and similar consumer behaviour. Another study builds a Bank of Russia perception index from tone analysis of content across around 1,400 major Telegram channels focused on the central bank, finding overall coverage is predominantly neutral, political channels are more negative on average, and perception in economic channels has improved over time; the index also correlates with survey measures of public confidence and with household and business inflation expectations. A further contribution proposes definitions of financial culture components and discusses an assessment methodology. The journal issue (No. 3, 2025) is available via the Russian Journal of Money and Finance website.

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