Inflation and Monetary Policy in March 2014

Russian Economic Developments. Moscow, IEP. 2014, #5, pp. 5-8

4 Pages Posted: 21 May 2014

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

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

Date Written: May 20, 2014

Abstract

In March 2014, the Consumer Price Index (CPI) amounted to 1% (vs. 0.3% in March 2013), which represents a 0.3 p.p. rise on February 2014. As a result, the inflation rate in per annum terms, as seen by the results of the past 12 months, rose to about 6.9%. Over the period from 1 April through 21 April, the CPI climbed to 0.3%. On 3 March 2014, the Bank of Russia temporarily increased the key rate from 5.5% to 7% per annum. On 25 April 2014, Russia’s financial regulator again increased the key rate, to 7.5% per annum, thus continuing the toughening of monetary policy.

Keywords: Inflation and monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in March 2014 (May 20, 2014). Russian Economic Developments. Moscow, IEP. 2014, #5, pp. 5-8. Available at SSRN: https://ssrn.com/abstract=2439192 or http://dx.doi.org/10.2139/ssrn.2439192

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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