Alexander Murychev addressed a meeting of the State Duma working group on preparation of the Monetary Policy Guidelines

On October 16, Alexander Murychev, Vice-President of the Russian Union of Industrialists and Entrepreneurs (RSPP) and Chairman of the FBA EAC Board, participated and delivered a speech at a meeting of the working group on preparing for the Russian State Duma's review of the "Guidelines for the Unified State Monetary Policy for 2026 and the period of 2027 and 2028."

He noted that the business community's position does not deny the importance of inflation control, but advocates for a more balanced approach. Under current conditions, an increase in the volume of government subsidies funded to the economy will be required, and this is an additional inflationary overhang.

“We need to look for non-standard solutions by adjusting the inflation target. Strictly adhering to the 4% target during the period of structural transformation of the economy is holding back growth. The period of Russia's most dynamic development between 2000 and 2008 was accompanied by inflation of around 13%, which proves that growth is possible even with moderately high inflation. It would be advisable to consider raising it to 6–7%, which would provide room for maneuver,” noted Alexander Murychev.