Inflation and Monetary Policy in Russia in September 2015

Russian Economic Developments. Moscow, 2015, #11, pp. 8-10

3 Pages Posted: 10 Dec 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: December 8, 2015

Abstract

The Consumer Prices Index (CPI) in September continued to see its growth rates increase, 0.6% up (0.7% up in September 2014). The Russian ruble saw a much slower depreciation in September-October, compared to August, due to some rallies in the oil market. For the first time in five years, banks and enterprises saw their net capital outflow in Q3 2015 as a result of a substantial decline in foreign assets which were used to repay their foreign loans, and also due to the fact that individuals sold foreign exchange in cash.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in Russia in September 2015 (December 8, 2015). Russian Economic Developments. Moscow, 2015, #11, pp. 8-10, Available at SSRN: https://ssrn.com/abstract=2700836 or http://dx.doi.org/10.2139/ssrn.2700836

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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