Inflation and Monetary Policy in June 2014

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

4 Pages Posted: 17 Sep 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: September 16, 2014

Abstract

In June 2014, the consumer price index stood at 0.6% (0.4% in June 2013), 0.3 p.p slightly below the value observed in May 2014. Therefore, inflation stood at 7.8% at the end of the 12-month period. The consumer price index reached 0.5% within 21 days in July 2014. As of July 1, 2014, banks’ debt owed to the regulator amounted to Rb 5,4 trillion. On July 25, 2014, the Bank of Russia kept tightening the monetary policy, litiing the key interest rate from 7.5% to 8% p.a.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in June 2014 (September 16, 2014). Russian Economic Developments. Moscow, 2014, #8, pp. 5-8, Available at SSRN: https://ssrn.com/abstract=2497035 or http://dx.doi.org/10.2139/ssrn.2497035

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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