Russian Inflation Keeps Tumbling
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 8-10
3 Pages Posted: 23 Jan 2018
Date Written: 2017
Inflation in Russia dropped to 2.5% year-on-year in November 2017, hitting lows not seen in Russia’s recent history, in response to a good crop, Russian rouble appreciation and slow demand recovery. It appears to be unlikely that consumer price growth will leap over 2.5–2.7%. The economic contraction has prompted the Bank of Russia to double down on easing the monetary policy, cutting the key interest rate by 0.5 p.p., straight away to 7.75%, on 15 December.
Keywords: Russian economy, inflation
JEL Classification: E31
Suggested Citation: Suggested Citation