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 JANUARY 2015
Abstract: On 15 January 2015, the Bank of Russia Board of Directors decided to reduce the key rate by 2 pp., to 15% per annum, due to the shift in the balance of risks of accelerated consumer price growth and an economic cooldown. In January 2015, the Consumer Price Index increased by 3.9% (vs. 0.6% in January 2014), which represented a 1.3 p.p. rise on December 2014. As a result, the inflation rate in per annum terms climbed to 15.0%. Over the course of the fi rst 24 days of February 2015 the CPI rose by 1.9 p.p.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2015
Issue: 3
Month: March
Pages: 4-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/475Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:475