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Inflation and monetary policy in russia in september 2015

Author

Listed:
  • A. Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

The Consumer Prices Index (CPI) in September continued to see its growth rates increase, 0.6% up (0.7% up in September 2014). The Russian ruble saw a much slower depreciation in September-October, compared to August, due to some rallies in the oil market. For the first time in five years, banks and enterprises saw their net capital outflow in Q3 2015 as a result of a substantial decline in foreign assets which were used to repay their foreign loans, and also due to the fact that individuals sold foreign exchange in cash.

Suggested Citation

  • A. Bozhechkova, 2015. "Inflation and monetary policy in russia in september 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 8-10, November.
    • Handle: RePEc:gai:recdev:611
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY; Russian Economy;

    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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