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Inflation and Monetary Policy in September 2014

Russian Economic Developments. Moscow, 2014, №11, pp. 6-9

4 Pages Posted: 2 Dec 2014

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: December 1, 2014

Abstract

The consumer price index stood at 0.7% in October 2014 (0.2% in September 2013), 0.5 p.p. higher than the value observed in August this year. Therefore, inflation increased to 8.0% on an annualized basis. The consumer price index reached 0.7% within the first 20 days of October. On September 20 the Bank of Russia for the first time provided commercial banks with $581,4m of foreign currency through foreign exchange swap operations. The operations are intended to increase commercial banks’ capability to manage their short-term foreign exchange liquidity.

Keywords: Russian economy, inflation and monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in September 2014 (December 1, 2014). Russian Economic Developments. Moscow, 2014, №11, pp. 6-9, Available at SSRN: https://ssrn.com/abstract=2532390 or http://dx.doi.org/10.2139/ssrn.2532390

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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