Subject. This article analyzes the basis of the Russian financial market. Objectives. The article aims to clarify the basis of the Russian financial market. Methods. For the study, I used a systems approach based on a statistical analysis. Results. The article reveals a decrease in the reaction of inflation to an increase in the interest key rate and its growth with a decrease in the key interest rate. The article also finds that the Bank of Russia is injecting the digital ruble in order to increase its regulatory capacity. The study outlines a provision on the transfer of hedging of monetary policy risks to the level of relations between the Ministry of Finance of Russia and credit institutions, increasing their likelihood by selling yuan from the Russian National Wealth Fund and introducing a digital ruble. Conclusions and Relevance. The results of the study regarding the basis of the Russian financial market orient the expert community at the time of marginal income fixing and can be useful for the expert community in terms of the Russian financial market's development.
Keywords: monetary policy, key interest rate, financial market, Russian National Wealth Fund, digital ruble
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