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 
Author-Name:Kiyutsevskaya Anna
Author-Name-First: Anna 
Author-Name-Last:Kiyutsevskaya 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: MONETARY POLICY OF THE RUSSIAN CENTRAL BANK: RISKS AND LIMITATIONS   
Abstract: In June, the Russian Central Bank, for the first time since summer 2015, decided to reduce the key interest rate by 0.5 percentage points, to 10.5%. The decline in inflation expectations, further slowdown in inflation and stabilization of the external environment, together with the strengthening of the rouble, allowed the Bank of Russia to soften the monetary policy.

Classification-JEL: P24, E52  
Keywords:  INFLATION AND MONETARY POLICY,  Russian Economy
Year: 2016
Issue:7
Month: July
Pages: 10-12
File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-7-687.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:recdev:recdev-2016-7-687