Inflation and Monetary Policy in October 2015

Russian Economic Developments. Moscow, 2015, No. 12, pp. 5-8

4 Pages Posted: 23 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 23, 2015

Abstract

The Consumer Prices Index (CPI) in October 2015 continued to grow, up 0.6% (0.7% in October 2014), reaching 0.7% (0.8% in Oct. 2014). The Russian rouble’s exchange rate in October strengthened a bit in response to both uptrend in the crude oil market as well as some geopolitical improvements. Russia’s Central Bank decided at a meeting on 30 October that the base rate of interest as well as the rates on Russian Central Bank operations on providing and absorbing liquidity will remain unchanged. It would be unreasonable to lower the base rate amid high risks of inflation and further depreciation of the rouble.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in October 2015 (December 23, 2015). Russian Economic Developments. Moscow, 2015, No. 12, pp. 5-8. Available at SSRN: https://ssrn.com/abstract=2707805

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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