Inflation and Monetary Policy in August 2014
Russian Economic Developments, Moscow, 2014, #10, pp. 7-10
4 Pages Posted: 23 Oct 2014
Date Written: October 23, 2014
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: Suggested Citation