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Inflation And Monetary Policy In October 2014

Author

Listed:
  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

The consumer price index stood at 0.8% in October 2014 (0.6% in October 2013), 0.1 p.p. higher than the value observed in September. As a result, inflation boosted up to 8.3% at an annualized rate. The consumer price index reached 1.0% as of the 24th day of November. The Bank of Russia decided the 10th of November to discontinue the existing exchange rate formation mechanism, abandoning the interval of allowed values for the euro-dollar basket and regular interventions within currency trading band boundaries and beyond.

Suggested Citation

  • Alexandra Bozhechkova, 2014. "Inflation And Monetary Policy In October 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 6-9, December.
    • Handle: RePEc:gai:recdev:423
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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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