The role of the bank of Russia’s instruments in modern Russian public administration

The present paper examines the political and economic role of the Bank of Russia in the structure of public administration, studying its impact on the country’s economy and the welfare of the population. It argues for the idea that the Bank of Russia’s key rate is used as a tool for achieving domestic policy objectives, such as controlling inflation, stimulating economic growth and supporting financial stability. It is noted that the key rate of the Bank of Russia is used by it as a tool to achieve domestic political goals, such as controlling inflation, stimulating economic growth and supporting financial stability. As a foreign policy tool, it is a means of soft power, especially in the context of global financial markets, where global actors are largely guided by the actions of the Bank of Russia. The results of the analysis of academic research, theoretical models and practical examples related to the policy of the Bank of Russia and its impact on the country’s economy are presented. In addition, the experience of application of key rate instruments by credit and financial institutions in other countries is also considered. Conclusion dwells upon the fact that the results of the study are of great importance for the development of effective economic policy of the state and making informed decisions in the sphere of monetary policy.