Operations in the open market as one of the principal instruments of the monetary policy of the Central bank of the Russian Federation

The article defines the role of operations on the open market of the Central Bank of the Russian Federation as one of the main instruments of the state's monetary and credit policy. At the same time, special attention is paid to repo operations, which in turn are determined by the provision of funds at a fixed rate and following the results of auctions. The dynamics of these indicators for the last 5 years - (2012-2016) is analyzed.