INFLATION AND MONETARY POLICY IN MARCH 2015

Alexandra Bozhechkova

Russian Economic Development, 2015, issue 5, 2-6

Abstract: Due to a shift in the balance of risks towards a more signifi cant cooling of the economy, at the Bank of Russia Board of Directors’ meeting on 13 March 2015 it was decided that the key interest rate should be reduced by 1 p.p. – to 14% per annum. In March 2015, the Consumer Price Index’s growth amounted to 1.2% (vs. 1.0% in March 2014), which is 1 p.p. below its value recorded in February 2015. As a result, the inflation index increased in March 2015 on March 2014 by 16.9%. Over the fi rst 20 days of April 2015, the Consumer Price Index’s growth amounted to 0.5%.

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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