INFLATION AND MONETARY POLICY IN AUGUST 2014

Alexandra Bozhechkova

Russian Economic Development, 2014, issue 10, 7-10

Abstract: The consumer price index stood at 0.2% in August 2014 (0.1% in August 2013), 0.3 p.p. lower than the value observed in the preceding month. Therefore, inflation stood at 7.6% on an annualized basis. The consumer price index reached 0.5% within the fi rst 22 days in September 2014. Banks’ repo debt in August dropped by 10.3% to Rb 2,43 trillion while debt on loans secured by non-market assets reached Rb 2,73 trillion, up 7.1%. Rapid growth in volume of the regulator’s loans secured by non-market assets of commercial banks is associated with the depletion of the collateral for repo transactions.

Keywords: INFLATION; AND; MONETARY; POLICY (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2014
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