Inflation and Monetary Policy in March 2015

Russian economic Developments. Moscow, 2015, #5, pp. 2-6

5 Pages Posted: 29 May 2015

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: May 27, 2015

Abstract

Due to a shift in the balance of risks towards a more significant 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 first 20 days of April 2015, the Consumer Price Index’s growth amounted to 0.5%.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in March 2015 (May 27, 2015). Russian economic Developments. Moscow, 2015, #5, pp. 2-6. Available at SSRN: https://ssrn.com/abstract=2611250 or http://dx.doi.org/10.2139/ssrn.2611250

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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