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Information policy of the Bank of Russia:The influence of the press releases on the interbank rate
https://doi.org/10.32609/0042-8736-2017-11-141-151
Abstract
This paper examines the impact of the main regular communication channel of the Bank of Russia - press releases after the Bank of Russia Board of Directors meetings on monetary policy issues - on the Moscow Prime Offered Rate (MosPrime Rate). It is shown that these press releases can have a significant impact on this rate and its volatility.
About the Authors
S. Merzlyakov
National Research University Higher School of Economics
Russian Federation
Russian Federation
R. Khabibullin
National Research University Higher School of Economics
Russian Federation
Russian Federation
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Review
For citations:
Merzlyakov S., Khabibullin R. Information policy of the Bank of Russia:The influence of the press releases on the interbank rate. Voprosy Ekonomiki. 2017;(11):141-151. (In Russ.) https://doi.org/10.32609/0042-8736-2017-11-141-151
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