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 RUSSIA IN DECEMBER 2014
Abstract: Due to the turmoil in the foreign exchange market, the Bank of Russia lifted on the 16th of December the key interest rate up to 17% p.a. in an eff ort to stop the ruble’s rapid depreciation. In December 2014, the consumer price index stood at 2.6% (0.5% in December 2013 ), up 1.3 p.p. above the value seen in November. As a result, inflation went up to 11.4% on an annualized basis. The consumer price index reached 1.5% within the first 19 days in January 2015.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2015
Issue: 2
Month: February
Pages: 5-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/456Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:456