Inflation and Monetary Policy in September 2014
Russian Economic Developments. Moscow, 2014, №11, pp. 6-9
4 Pages Posted: 2 Dec 2014
Date Written: December 1, 2014
The consumer price index stood at 0.7% in October 2014 (0.2% in September 2013), 0.5 p.p. higher than the value observed in August this year. Therefore, inflation increased to 8.0% on an annualized basis. The consumer price index reached 0.7% within the first 20 days of October. On September 20 the Bank of Russia for the first time provided commercial banks with $581,4m of foreign currency through foreign exchange swap operations. The operations are intended to increase commercial banks’ capability to manage their short-term foreign exchange liquidity.
Keywords: Russian economy, inflation and monetary policy
JEL Classification: P24, E52
Suggested Citation: Suggested Citation