INFLATION AND MONETARY POLICY IN FEBRUARY

Alexandra Bozhechkova

Russian Economic Development, 2015, issue 4, 5-8

Abstract: Due to the fact that the balance of risks has moved towards a substantial cooling down of the economy, the Bank of Russia Board of Directors decided at its regular meeting on 13 March 2015 to lower by 1 p.p. the key interest rate to 14% p.a. In February 2015, the Consumer Price Index stood at 2.2% (0.7% in February 2014), i.e., making it 1.7 p.p. below the value seen in January 2015. As a result, inflation increased to 16.7% year-over-year in February 2015. The CPI reached 0.7%. in the fi rst 23 days of March 2015.

Keywords: INFLATION; AND; MONETARY; POLICY (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2015
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