MONETARY POLICY OF THE RUSSIAN CENTRAL BANK: RISKS AND LIMITATIONS

Alexandra Bozhechkova, Pavel Trunin and Anna Kiyutsevskaya

Russian Economic Development, 2016, issue 7, 10-12

Abstract: In June, the Russian Central Bank, for the first time since summer 2015, decided to reduce the key interest rate by 0.5 percentage points, to 10.5%. The decline in inflation expectations, further slowdown in inflation and stabilization of the external environment, together with the strengthening of the rouble, allowed the Bank of Russia to soften the monetary policy.

Keywords: INFLATION AND MONETARY POLICY; Russian Economy (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2016
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