The Bank of Russia has left the refinancing rate unchanged at 8%, RIA Novosti reports.
The bank registered low inflation in March-February. Annual rate of consumer prices dropped from 4.1% on January 30 to 3.7% on March 5. It was at 6.1% in 2011. Base inflation dropped to 5.7% in February.
Such a low rate postponed an increase in prices and fees until mid-2012 and strengthened the ruble. Unemployment is low, credit activity of the population remains high.
The next study of monetary policy at the Russian Central Bank will be organized in early April 2012.
