Monetary policy on the use of monetary incomes of the Russian population

In the context of the unfavorable geopolitical situation and the sanctions policy of Western countries, which caused a reduction in oil and gas revenues, increased spending and budget deficits, the Central Bank is switching to a tight monetary policy. The paper examines the consequences of a significant increase in rates on deposits and consumer loans for individuals, the impact of increased mortgage loans on the real estate market, higher rates on car loans on demand for cars, and changes in the structure of household financial assets. The changes in the size of consumer spending of the population at constant prices and household savings, their share in total monetary income, as well as changes in the purchasing power of income are analyzed. The indicators characterizing the increase in the differentiation of household wealth are considered, as well as an assessment of territorial differentiation in terms of the amount of savings in banks on average per employee. The paper considers changes in consumer expectations, proving the concern of households about the deterioration of their financial situation and rising prices, analyzes the dynamics of assessing favorable conditions for large purchases and favorable conditions for the formation of savings. Special attention is paid to the Central Bank’s monetary policy aimed at regulating prices, stabilizing the national currency and preserving the savings of the population.