Template-Type: ReDIF-Article 1.0
Author-Name:Alexandra Bozhechkova
Author-Name-First: Alexandra                                                                           
Author-Name-Last: Bozhechkova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: INFLATION AND MONETARY POLICY IN March 2014
Abstract: In March 2014, the Consumer Price Index (CPI) amounted to 1% (vs. 0.3% in March 2013), which represents a 0.3 p.p. rise on February 2014. As a result, the inflation rate in per annum terms, as seen by the results of the past 12 months, rose to about 6.9%. Over the period from 1 April through 21 April, the CPI climbed to 0.3%. On 3 March 2014, the Bank of Russia temporarily increased the key rate from 5.5% to 7% per annum. On 25 April 2014, Russia’s financial regulator again increased the key rate, to 7.5% per annum, thus continuing the toughening of monetary policy.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2014
Issue: 5
Month: May
Pages: 5-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/324Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:324