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Inflation And Monetary Policy In July 2014

Author

Listed:
  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

The consumer price index stood at 0.5% in July 2014 (0.8% in July 2013), down by 0.1 p.p compared to the value observed in June 2014. Therefore, inflation stood at 7.5% on an annualized basis. The consumer price index reached 0.2% within 25 days in August. The Bank of Russia Board of Directors decided on July 25 to tighten the monetary policy. The baseline interest rate was lifted to 8% from 7.5% p.a.

Suggested Citation

  • Alexandra Bozhechkova, 2014. "Inflation And Monetary Policy In July 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 6-9, September.
    • Handle: RePEc:gai:recdev:382
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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