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25% as long as the unemployment rate remained above 6.5% and Inflation inflation for one-two years ahead was projected to be no more than

one of the most important eral government securities (placement redemption) and foreign inflation indicators. The CPI reflects a change of the overall level government loans

monetary policy in the context of inflation targeting 15—19 September 2014 Key issues: Conceptual and institutional aspects of inflation targeting The policy forecast and

one of the most important eral government securities (placement redemption) and foreign inflation indicators. The CPI reflects a change of the overall level government loans

constrain inflation dynamics. Nevertheless, the observed increase in inflation may affect economic agents’ expectations and, thus, poses inflation risks. Therefore, the downward trend in inflation

food price growth and inflation in general. Slowdown in inflation was facilitated by the absence of demand-side inflation pressure. Core inflation fell to 5.5

little in restraining effect on inflation dynamics with Q3, with the rate of inflation on non-food goods economic agents’ inflation expectations not (excluding petrol) dropping.

risk of inflation sition to monetary policy implementation within accelerating and the risk of a slowdown in eco the framework of the inflation targeting regime,

one of the most important eral government securities (placement redemption) and foreign inflation indicators. The CPI reflects a change of the overall level government loans

CPI inflation increased to 6.3% which exceeded the upper bound of the target range for the current year. The acceleration of monthly inflation was