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
Date Written: July 31, 2018
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: Suggested Citation