Advisor to the Chairman of the Bank of Russia Discusses the Central Bank's Role in Price Regulation at Adyghe State University Open Forum

For the first time in Adygea, Kirill Tremasov, a federal representative of the Bank of Russia and an advisor to the Chairman of the Bank of Russia, addressed students and faculty at the region's universities regarding the Bank of Russia's monetary policy. The event took place at Adyghe State University.

During his presentation, Mr. Tremasov provided a comprehensive overview of the regulator's monetary policy. He specifically discussed the recent decision made by the Bank of Russia's Board of Directors: on March 20, the key interest rate was lowered to 15% per annum. The lecture also elaborated on how the high key rate contributed to slowing price growth and explained the rationale behind the Bank of Russia's inflation target of approximately 4%.

Students also posed questions during the event. The authors of the three most interesting questions, as selected by Kirill Tremasov, received gifts from the Bank of Russia. A particularly engaging interactive moment took place at the beginning and end of the lecture, when inflation expectations were measured. It was observed that, after exploring the topic in depth, both students and faculty revised their personal forecasts for expected inflation by the end of the year—from an average of 13.9% to 11.7%. This indicates that a better understanding of the financial mechanisms driving inflation and the priorities of the regulator can help reduce anxiety and enable more careful analysis of the country’s economic situation.

Following the open lecture, a roundtable discussion was convened with faculty from regional universities to explore collaborations between the Bank of Russia and the academic community, including topics for advanced economic research.

“Engagement between representatives of the Bank of Russia and students and faculty across various disciplines is fundamentally important for education. Rumors and ignorance often fuel fears and inflated inflation expectations. For those who study and teach economics, today’s event is especially significant, as direct communication with such experts undoubtedly fosters a shared understanding of many economic processes,” commented ASU Rector Daud Mamiy.

He also stated that the Central Bank is undertaking several initiatives aimed at enhancing students' knowledge and qualifications. Additionally, the university is exploring options to more actively involve itself in these efforts, as such involvement is expected to improve the employability of future graduates.