The primary objective of the Bank of Russia's monetary policy has been maintaining price stability. This strategy means aiming for a low and stable inflation, which at the same time provides an environment for balanced and sustainable economic growth. 2. Since 2015, the Bank of Russia has implemented inflation targeting in its monetary policy. The transition to this approach occurred gradually over several years. In 2015, the Bank of Russia set a quantitative target of its monetary policy to reduce annual inflation to 4% by the end of 2017 (significantly lower than its rates in all previous years) and to sustain inflation at this level going forward. 3. In 2021, to measure the efficiency of the chosen strategy and the alignment of current monetary policy parameters with evolving realities, the Bank of Russia initiated a comprehensive analysis of its monetary policy during the inflation targeting period – the Monetary Policy Review (hereinafter referred to as the MPR). This paper summarises the findings of the analysis conducted by Bank of Russia staff and internal discussions and invites readers to share their opinions on the most significant issues related to the monetary policy strategy. The complete texts of the authors' research papers are available on the Bank of Russia website in the MPR section.