MOSCOW, December 20. /TASS/. The Bank of Russia does not see an instrument to solve monetary policy tasks in banking regulations and the key rate exists to do so, Central Bank chief Elvira Nabiullina said at the press conference after the regulator’s Board meeting.

"Measures of banking regulation are not intended for solving tasks of the monetary policy; the key rate is for them," she said.

However, the Central Bank takes into account decisions in the sphere of banking regulation when deciding on the monetary policy, Nabiullina noted. The Central Bank raises requirements to capital and liquidity of banks to avoid accumulation of risks, she said. "This policy will continue to increase stability of the banking sector and it will not depend on the key rate level," the official added.