INFLATION AND MONETARY POLICY IN JANUARY 2015

Alexandra Bozhechkova

Russian Economic Development, 2015, issue 3, 4-8

Abstract: On 15 January 2015, the Bank of Russia Board of Directors decided to reduce the key rate by 2 pp., to 15% per annum, due to the shift in the balance of risks of accelerated consumer price growth and an economic cooldown. In January 2015, the Consumer Price Index increased by 3.9% (vs. 0.6% in January 2014), which represented a 1.3 p.p. rise on December 2014. As a result, the inflation rate in per annum terms climbed to 15.0%. Over the course of the fi rst 24 days of February 2015 the CPI rose by 1.9 p.p.

Keywords: INFLATION; AND; MONETARY; POLICY (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2015
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