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Inflation And Monetary Policy In February

Author

Listed:
  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

Due to the fact that the balance of risks has moved towards a substantial cooling down of the economy, the Bank of Russia Board of Directors decided at its regular meeting on 13 March 2015 to lower by 1 p.p. the key interest rate to 14% p.a. In February 2015, the Consumer Price Index stood at 2.2% (0.7% in February 2014), i.e., making it 1.7 p.p. below the value seen in January 2015. As a result, inflation increased to 16.7% year-over-year in February 2015. The CPI reached 0.7%. in the fi rst 23 days of March 2015.

Suggested Citation

  • Alexandra Bozhechkova, 2015. "Inflation And Monetary Policy In February," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 5-8, April.
    • Handle: RePEc:gai:recdev:490
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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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