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: RUSSIA’S INFLATION AND MONETARY POLICY IN JUNE 2015
Abstract: Both stabilized inflation and ruble exchange rate allowed the Bank of Russia Board of Directors to further cut the key interest rate to 11.50% p.a. on 15 June 2015. The cut was triggered by the fact that Russia’s economy was still facing serious downside risks amid lower risks of inflation. Consumer prices in June 2015 increased 0.2% (0.6% in June 2014), a decrease of 0.2 p.p. compared to May 2015. As a result, inflation in June 2015 was 15.3% compared to June 2014. The Consumer Price Index gained 0.9% in the fi rst 20 days of July 2015, basically due to a rise in tariff s on natural monopolies’ services. 
Classification-JEL:P24, E52  
Keywords: Russian Economy  
Journal: Russian Economic Developments
Year: 2015
Issue: 8
Month: August
Pages: 6-9
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/560Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:560