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This paper deals with Russia's monetary policy in 2013
Persistent link: https://www.econbiz.de/10010813821
The beginning of this year was characterized by a slow increase in consumer prices, stability in the forex market, and continuing monetary policy easing. However, the situation has changed dramatically as a result of the impact on the economy of two major interconnected shocks: a slowdown in the...
Persistent link: https://www.econbiz.de/10014099014
The Bank of Russia decided in June to keep the key interest rate unchanged because of worsening geopolitical uncertainty, capital outflows from developing countries as a consequence of tighter US Fed's monetary policy, plans to raise the VAT rate, as well as prices adjustment to a weaker rouble....
Persistent link: https://www.econbiz.de/10012913678
Inflation in Russia stood at 4.3% at 2018 year end, posting an increase of 0.3 percentage points over the central bank …'s target inflation rate and of 0.1 percentage points over its preliminary forecast. Early 2019 saw prices continue to heat up …, the 2019 year-end inflation is expected to vary within a range of 5.0% to 5.5%, but it is not until 2020 that inflation is …
Persistent link: https://www.econbiz.de/10012893436
Despite large scale external shocks seen in February-March 2020, there was no spike in inflation in Russia and at the … period-end of June, the annual inflation rate came to merely 3.2%. After a short-term price surge, which was observed in …
Persistent link: https://www.econbiz.de/10012826281
Last year, the Bank of Russia pursued conservative monetary policy aimed at reducing inflation. As a result, the … inflation was 5.4% (December 2016 compared to December 2015), being significantly lower than it had been in 2015 (12.9% in …
Persistent link: https://www.econbiz.de/10012959567
Russia's current account balance went negative in Q2 2017 due to a growth in imports of goods driven by a strengthening Russian rouble, seasonal growth in imports of services and investment income payments amid stagnating exports of goods after the rising oil price trend grinded to a halt....
Persistent link: https://www.econbiz.de/10012949166
In 2016, the Bank of Russia implemented a conservative monetary policy aimed at mitigating inflation. Commercial banks … inflation rate and inflation expectations available during the year, a rather moderate decline in the key rate suggested growth …
Persistent link: https://www.econbiz.de/10012952702
The Bank of Russia eased at slow enough pace its monetary policy in 2017 despite substantial deceleration in inflation …, holding that ongoing inflation risks were high, including a possible decline in crude oil prices and capital outflow, upturn … in consumer demand, fiscal policy uncertainty, as well as a relatively high and unstable degree of inflation expectations …
Persistent link: https://www.econbiz.de/10012915034
In 2022, the Russian economy experienced a profound negative shock associated with the imposition of sanctions against Russia by a number of developed countries, including the freeze of the Bank of Russia’s international reserve assets, Russian banks being cut out of international payment...
Persistent link: https://www.econbiz.de/10014353620