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exchange rate dynamics on inflation in late 2017 and early 2018 was virtually
neutral.
Inflation. In 2018 H1, the annual inflation will remain low mainly
Inflation and inflation expectations Decision
• Annual inflation remains sustainably low
• Factors, previously seen as mostly temporary, are becoming more persistent (agriculture,
exchange rate dynamics)
• Inflation
1823
13.04.2018
to lower yields. Among other things, this was driven by the Bank of Russia’s decision to reduce the key rate and consistently low inflation.
conduct operations with foreign currency. rate of a respective currency, interest rates, inflation rate,
derivatives’ prices, official statistical information, physical,
Individual Indicators Highlights
biological and
goods and services across the country, on the most important indicators characterizing inflation
one hand, and intermediate consumption, on the rate. CPI reflects a change
in government
of the Fed monetary policy. Besides, the debt levels and inflation.
financial markets were also affected by the The Canadian dollar appreciated relative
Inflation ________________________________________________________ 4
1.1.1. Inflation holds below target _____________________________________________ 4
1.1.2. Producer prices slow down _____________________________________________ 6
1.1.3. PMI price indexes: inflation
such issues at OFZ auctions and
the consistent downward trend in inflation and inflation expectations. Despite the shift in non-residents’
demand towards high-duration securities, 2017
1829
30.03.2018
regions. Elvira Nabiullina provided straightforward and detailed answers to students’ questions about inflation targeting and key rate calculation, ruble exchange rate and factors affecting it,
06.2014
In November 2013, amid weak economic growth
and low Eurozone inflation, the ECB eased its USA UK Germany
Canada Japan Australia
monetary policy