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Monday, September 14, 2015

Kenneth Rapoza — Russian Central Bank More Interested In Fighting Inflation Than Helping Growth


The Central Bank of Russia is sticking to a conservative approach and looking more to the inflation rate and exchange rate than growth rate and employment rate in setting monetary policy. Fiscal policy is also being held tight for the same reason.

This is the opposite of that the policy that MMT would recommend.

Forbes
Russian Central Bank More Interested In Fighting Inflation Than Helping Growth
Kenneth Rapoza, Contributor
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1 comment:

  1. Ralph MusgraveSeptember 14, 2015 at 4:11 PM

    The article says inflation will probably be 7% in 2016 and 4% in 2017. Assuming they're aiming for the standard 2%, they can't boost demand right now, seems to me.

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