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 JUNE 2014
Abstract: In June 2014, the consumer price index stood at 0.6% (0.4% in June 2013), 0.3 p.p slightly below the value observed in May 2014. Therefore, inflation stood at 7.8% at the end of the 12-month period. The consumer price index reached 0.5% within 21 days in July 2014. As of July 1, 2014, banks’ debt owed to the regulator amounted to Rb 5,4 trillion. On July 25, 2014, the Bank of Russia kept tightening the monetary policy, litiing the key interest rate from 7.5% to 8% p.a.
Classification-JEL:P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2014
Issue: 8
Month: August
Pages: 5-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/367Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:367