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Monetary Policy Of The Russian Central Bank: Risks And Limitations

Author

Listed:
  • Bozhechkova Alexandra

    (Gaidar Institute for Economic Policy)

  • Trunin Pavel

    (Gaidar Institute for Economic Policy)

  • Kiyutsevskaya Anna

    (Gaidar Institute for Economic Policy)

Abstract

In June, the Russian Central Bank, for the first time since summer 2015, decided to reduce the key interest rate by 0.5 percentage points, to 10.5%. The decline in inflation expectations, further slowdown in inflation and stabilization of the external environment, together with the strengthening of the rouble, allowed the Bank of Russia to soften the monetary policy.

Suggested Citation

  • Bozhechkova Alexandra & Trunin Pavel & Kiyutsevskaya Anna, 2016. "Monetary Policy Of The Russian Central Bank: Risks And Limitations," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 10-12, July.
    • Handle: RePEc:gai:recdev:recdev-2016-7-687
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    File Function: Revised version, 2016
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY; Russian Economy;

    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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