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 FEBRUARY
Abstract: Due to the fact that the balance of risks has moved towards a substantial cooling down of the economy, the Bank
of Russia Board of Directors decided at its regular meeting on 13 March 2015 to lower by 1 p.p. the key interest
rate to 14% p.a. In February 2015, the Consumer Price Index stood at 2.2% (0.7% in February 2014), i.e., making
it 1.7 p.p. below the value seen in January 2015. As a result, inflation increased to 16.7% year-over-year in
February 2015. The CPI reached 0.7%. in the fi rst 23 days of March 2015.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2015
Issue: 4
Month: April
Pages: 5-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/490Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:490