Inflation and Monetary Policy in October 2014

Russian Economic Developments. Moscow, 2014, #12, pp. 6-9

4 Pages Posted: 4 Jan 2015

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: January 4, 2015

Abstract

The consumer price index stood at 0.8% in October 2014 (0.6% in October 2013), 0.1 p.p. higher than the value observed in September. As a result, inflation boosted up to 8.3% at an annualized rate. The consumer price index reached 1.0% as of the 24th day of November. The Bank of Russia decided the 10th of November to discontinue the existing exchange rate formation mechanism, abandoning the interval of allowed values for the euro-dollar basket and regular interventions within currency trading band boundaries and beyond.

Keywords: Russian economy, Russia's inflation and monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in October 2014 (January 4, 2015). Russian Economic Developments. Moscow, 2014, #12, pp. 6-9. Available at SSRN: https://ssrn.com/abstract=2545041 or http://dx.doi.org/10.2139/ssrn.2545041

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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