Impact of monetary policy on investment activity in Russia

The economic policy of the state is aimed at enhancing investment activity in the country and maintaining the pace of sustainable economic growth. One of the key economic instruments of the state, providing favorable conditions for the development of the national economy, is monetary policy. The purpose of the work is to assess the impact of the current monetary policy of the Bank of Russia on investment activity in the country. The authors used the correlation-regression analysis, which allows the values of independent variables (factors) to build a regression equation. The article concludes that the relationship between the volume of investments and the money supply in the country is direct, strong, and can be expressed by the regression equation, from which it follows that the volume of investments in fixed capital will increase by an average of 69.6% with an increase in the money supply for 1 billion rubles. The Bank of Russia in developing the main directions of monetary policy can use the results obtained.