Inflation and monetary policy in russia in september 2015

Alexandra Bozhechkova

Russian Economic Development, 2015, issue 11, 8-10

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.

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