Inflation and Monetary Policy in August 2014

Russian Economic Developments, Moscow, 2014, #10, pp. 7-10

4 Pages Posted: 23 Oct 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: October 23, 2014

Abstract

The consumer price index stood at 0.2% in August 2014 (0.1% in August 2013), 0.3 p.p. lower than the value observed in the preceding month. Therefore, inflation stood at 7.6% on an annualized basis. The consumer price index reached 0.5% within the first 22 days in September 2014. Banks’ repo debt in August dropped by 10.3% to Rb 2,43 trillion while debt on loans secured by non-market assets reached Rb 2,73 trillion, up 7.1%. Rapid growth in volume of the regulator’s loans secured by non-market assets of commercial banks is associated with the depletion of the collateral for repo transactions.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in August 2014 (October 23, 2014). Russian Economic Developments, Moscow, 2014, #10, pp. 7-10, Available at SSRN: https://ssrn.com/abstract=2513759 or http://dx.doi.org/10.2139/ssrn.2513759

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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