The key rate as a tool to ensure the economic security of the country

The article explores the main directions of the modern monetary policy of the Central Bank of Russia, its primary goals, and instruments. The mechanism of mutual influence between the key rate and the inflation level is described, along with factors that disrupt such a connection. Long-term and short-term effects of a high key rate are distinguished based on their nature. Through the calculation of the inflation index growth rates and the application of time lags, the positive impact of a high key rate on the inflation level is explained. Threats to economic security are identified, and the article discusses how a stringent monetary policy affects the emergence or elimination of these threats.