Russia's Monetary Policy: Higher Inflation Risks to Increase

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 13, pp. 5-7

3 Pages Posted: 15 Aug 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: July 31, 2018

Abstract

The Bank of Russia decided in June to keep the key interest rate unchanged because of worsening geopolitical uncertainty, capital outflows from developing countries as a consequence of tighter US Fed’s monetary policy, plans to raise the VAT rate, as well as prices adjustment to a weaker rouble. In the today’s context, Russia’s central bank may postpone its monetary policy easing until next year.

Keywords: Russian economy, monetary policy, inflation

JEL Classification: E31, E43, E44, E51, E52, E58

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, Russia's Monetary Policy: Higher Inflation Risks to Increase (July 31, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 13, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3223457 or http://dx.doi.org/10.2139/ssrn.3223457

Alexandra Bozhechkova

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 (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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