Template-Type: ReDIF-Article 1.0
Author-Name:Alexandra Bozhechkova
Author-Name-First:Alexandra       
Author-Name-Last: Bozhechkova  
Author-Workplace-Name:  Gaidar Institute for Economic Policy 
Title: INFLATION AND MONETARY POLICY IN MARCH 2015
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%.
Classification-JEL: P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments
Year: 2015
Issue: 5
Month: May
Pages: 2-6
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/508Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:508