The RF Central Bank policy and the banking system: The impact on the economic growth of the Russian economy real sector

Subject. This article discusses the activities of the Central Bank and the banking system of the Russian Federation, influencing the economic growth of the real sector of the Russian economy. Objectives. The article aims to determine the mechanisms by which the Central Bank and the banking system of the Russian Federation’s policies influence the economic growth of the real sector, as a key factor in the stability of the economic system as a whole. Methods. For the study, we used modeling. Results. The article proposes a hypothesis according to which the monetary policy of the Central Bank of Russia does not contribute to the development of the real sector of the economy for numerous reasons. The article also proposes a set of measures necessary for the development of the real sector of the Russian economy.