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 AUGUST 2014
Abstract:   The consumer price index stood at 0.2% in August 2014 (0.1% in August 2013), 0.3 p.p. lower than the value observed in the preceding month. Therefore, inflation stood at 7.6% on an annualized basis. The consumer price index reached 0.5% within the fi rst 22 days in September 2014. Banks’ repo debt in August dropped by 10.3% to Rb 2,43 trillion while debt on loans secured by non-market assets reached Rb 2,73 trillion, up 7.1%. Rapid growth in volume of the regulator’s loans secured by non-market assets of commercial banks is associated with the depletion of the collateral for repo transactions. 
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2014
Issue: 10
Month: September
Pages: 7-10
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/395Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:395