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Inflation And Monetary Policy In February2014

Author

Listed:
  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

The consumer price index stood at 0.7% (0.6% in February 2013) in February 2014, rising 0.1 p.p. above the value recorded in January 2014. As a result, inflation stood at 6.2% at the end of a 12-month period. The consumer price index reached 0.7% within 24 days in March 2014. The Bank of Russia made a decision on March 3, 2014 to provisionally raise the key interest rate from 5.5% to 7% p.a. with a view to preventing the threat of financial instability and inflation growth.

Suggested Citation

  • Alexandra Bozhechkova, 2014. "Inflation And Monetary Policy In February2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 7-10, April.
    • Handle: RePEc:gai:recdev:309
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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