Inflation and Monetary Policy in July 2014

Russian Economic Developments. Moscow, 2014, #9, pp. 6-9

4 Pages Posted: 23 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 23, 2014

Abstract

The consumer price index stood at 0.5% in July 2014 (0.8% in July 2013), down by 0.1 p.p compared to the value observed in June 2014. Therefore, inflation stood at 7.5% on an annualized basis. The consumer price index reached 0.2% within 25 days in August. The Bank of Russia Board of Directors decided on July 25 to tighten the monetary policy. The baseline interest rate was lifted to 8% from 7.5% p.a.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in July 2014 (September 23, 2014). Russian Economic Developments. Moscow, 2014, #9, pp. 6-9, Available at SSRN: https://ssrn.com/abstract=2500115 or http://dx.doi.org/10.2139/ssrn.2500115

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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