Impacts of New External Shock on Russia’s Monetary Policy

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No 9, pp. 5-6

2 Pages Posted: 10 Jun 2018

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

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: May 23, 2018

Abstract

The Bank of Russia’s Board of Directors decided in April to keep the key interest rate unchanged on the heels of new sanctions on Russia that affected seriously the Russian rouble. The exchange rate pass-through to prices can guide, sooner than it was expected, inflation closer to its 4% target rate. There remain high risks of further escalation of geopolitical tension, leading to heightened uncertainty about developments on the economic scene.

Keywords: Russian economy, monetary policy, external shocks

JEL Classification: E31, E43, E44

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, Impacts of New External Shock on Russia’s Monetary Policy (May 23, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No 9, pp. 5-6, Available at SSRN: https://ssrn.com/abstract=3183744 or http://dx.doi.org/10.2139/ssrn.3183744

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

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
8
Abstract Views
166
PlumX Metrics