Template-Type: ReDIF-Article 1.0
Author-Name:Bozhechkova Alexandra
Author-Name-First: Alexandra 
Author-Name-Last:Bozhechkova 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Trunin Pavel
Author-Name-First: Pavel 
Author-Name-Last:Trunin 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: INFLATION AND THE FOREIGN EXCHANGE MARKET
Abstract: Over the period March 2015 – February 2016, the growth rate of prices declined to 8.1%, while the corresponding index for February 2015 – January 2016 amounted to 9.8%. As demonstrated by the results of a survey published by the Bank of Russia, in February the median inflation expecta on index for the next year also declined by 1.0 p.p. to 15.7%. As shown by the year-end results for 2014–2015, the plunge of the nominal effective exchange rate of Russia’s national currency was much more dramatic than the downward movement of the national currencies of the other countries – exporters of raw materials, although their terms of trade were also deteriora ng at a comparable rate.
Classification-JEL: P24, E52  
Keywords:  INFLATION AND MONETARY POLICY,  Russian Economy
Year: 2016
Issue:4
Month: April
Pages: 2-6
File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-4-598.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:recdev:recdev-2016-4-598