Abstract
In June 2014, the consumer price index stood at 0.6% (0.4% in June 2013), 0.3 p.p slightly below the value observed in May 2014. Therefore, inflation stood at 7.8% at the end of the 12-month period. The consumer price index reached 0.5% within 21 days in July 2014. As of July 1, 2014, banks’ debt owed to the regulator amounted to Rb 5,4 trillion. On July 25, 2014, the Bank of Russia kept tightening the monetary policy, litiing the key interest rate from 7.5% to 8% p.a.
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