Inflation and Monetary Policy in Russia in September 2015
Russian Economic Developments. Moscow, 2015, #11, pp. 8-10
3 Pages Posted: 10 Dec 2015
Date Written: December 8, 2015
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: Suggested Citation