Inflation and Monetary Policy in February 2014
Russian Economic Developments. 2014, №4. Pp. 7-10.
4 Pages Posted: 23 Apr 2014
Date Written: April 22, 2014
The consumer price index stood at 0.7% (0.6% in February 2013) in February 2014, rising 0.1 p.p. above the value recorded in January 2014. As a result, inflation stood at 6.2% at the end of a 12-month period. The consumer price index reached 0.7% within 24 days in March 2014. The Bank of Russia made a decision on March 3, 2014 to provisionally raise the key interest rate from 5.5% to 7% p.a. with a view to preventing the threat of financial instability and inflation growth.
Keywords: Russian Economic, Inflation and Monetary Policy
JEL Classification: P24, E52
Suggested Citation: Suggested Citation