{"title":"新的外部冲击对俄罗斯货币政策的影响","authors":"A. Bozhechkova, P. Trunin","doi":"10.2139/ssrn.3183744","DOIUrl":null,"url":null,"abstract":"The Bank of Russia’s Board of Directors decided in April to keep the key interest rate unchanged on the heels of new sanctions on Russia that affected seriously the Russian rouble. The exchange rate pass-through to prices can guide, sooner than it was expected, inflation closer to its 4% target rate. There remain high risks of further escalation of geopolitical tension, leading to heightened uncertainty about developments on the economic scene.","PeriodicalId":376562,"journal":{"name":"ERN: Central Banks - Impacts (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impacts of New External Shock on Russia’s Monetary Policy\",\"authors\":\"A. Bozhechkova, P. Trunin\",\"doi\":\"10.2139/ssrn.3183744\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The Bank of Russia’s Board of Directors decided in April to keep the key interest rate unchanged on the heels of new sanctions on Russia that affected seriously the Russian rouble. The exchange rate pass-through to prices can guide, sooner than it was expected, inflation closer to its 4% target rate. There remain high risks of further escalation of geopolitical tension, leading to heightened uncertainty about developments on the economic scene.\",\"PeriodicalId\":376562,\"journal\":{\"name\":\"ERN: Central Banks - Impacts (Topic)\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-05-23\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Central Banks - Impacts (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3183744\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Central Banks - Impacts (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3183744","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
摘要
今年4月,俄罗斯央行(Bank of Russia)董事会决定维持关键利率不变,此前对俄罗斯实施的新制裁严重影响了俄罗斯卢布。汇率对价格的传导可以比预期更快地引导通胀接近4%的目标利率。地缘政治紧张局势进一步升级的风险仍然很高,导致经济形势发展的不确定性增加。
Impacts of New External Shock on Russia’s Monetary Policy
The Bank of Russia’s Board of Directors decided in April to keep the key interest rate unchanged on the heels of new sanctions on Russia that affected seriously the Russian rouble. The exchange rate pass-through to prices can guide, sooner than it was expected, inflation closer to its 4% target rate. There remain high risks of further escalation of geopolitical tension, leading to heightened uncertainty about developments on the economic scene.