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 JULY 2015
Abstract: The Bank of Russia Board of Directors decided on 31 July 2015 to further cut the base rate to 11.0% p.a., or by
0.5 p.p., because risk balances had shifted towards economic downturn. Consumer prices in July 2015 increased
0.8% (0.5% in July 2014), showing a growth of 0.6 p.p. compared to the value seen in June 2015. As a result, inflation in July 2015 reached 15.6% compared to that in July 2014. The Consumer Price Index gained 0.1% in the fi rst
24 days of August 2015.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY, Russian economy 
Journal: Russian Economic Developments
Year: 2015
Issue: 9
Month: September
Pages: 5-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/576Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:576