Abstract
In September the Russian central bank has raised its key interest rate, for the first time since 2014, by 0.25 p.p. to 7.5% p.a. in response to increasing risks of higher inflation, including the Russian ruble devaluation (induced by new sanctions against Russia and by capital outflows from emerging markets on the back of tightening US Fed’s monetary policy) as well as the expected VAT hike scheduled for 2019. Although the above risks have realized only in part, the central bank has had to raise its 2019 inflation forecast to 5.5% and to adopt a tighter monetary policy.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
