Conditions and Results of the Application of Inflation Targeting

More than twenty years of experience of inflation targeting allows us not only to evaluate the nature of the monetary policy regime, but also the results of its implementation. The findings suggest that the high adaptability of the regime to the specific operating conditions of each country. Active integration of national economies into global economic processes, the increasing role and importance of not only commercial, but also financial relations was the objective factor in determining the attractiveness of the monetary policy regime, not only in developed but also in developing countries. The findings of empirical evidence demonstrates not only the slowdown in consumer prices and reduce its volatility in the framework of inflation targeting (hereinafter - it), including: and in countries exporting raw materials, but also the lack of sustained negative impact on the dynamics of the issue. However, as international experience shows, the monetary authorities and after the transition to the regime of IT retain its presence in the domestic market, which is especially important for developing countries with underdeveloped financial sector and financial markets.