Business price expectations continue to decline significantly in March- Central Bank of Russia

MOSCOW. March 19 (Interfax) - The price expectations of Russian businesses continued to decline significantly in March, according to monitoring by the Central Bank of Russia.

Business price expectations decreased significantly in February compared to January.

The current assessment of prices for products and services is also down considerably in March.

Expectations of demand for goods and production volumes have improved in March.

Household and business Inflation expectations are a key factor that the Bank of Russia takes into account when setting the key rate. A report on household inflation expectations will also be published on Wednesday.

The Central Bank's net rate meeting is on March 21.