Described Quantity
The $1.15$ quantity is similar to the initial growth rate, which we can calculate via the slope of a line comparing time and the natural-log of new cases. The initial growth rate is not $R_0$, but can be used to calculate $R_0$. Depending on the assumed model, the calculation will differ.
$R_0$ from initial growth rate
First, let's go through an SIR model. Let $\lambda$ indicate the initial growth rate, and $\frac{1}{\mu + \delta}$ indicate the infectious period. Where $\mu$ is the birth rate (i.e. new susceptibles) and $\delta$ is the recovery rate. Therefore $R_0$ can be calculated as
$$R_0 = \lambda \times \frac{1}{\mu + \delta} +1$$
However, this approach assumes that the infection follows the SIR model, which may not be true. Instead, we can suppose an SEIR model, where there is a latent period. Let the latent period be $\frac{1}{\sigma}$, where $\sigma$ is transition rate between E and I compartments. Then $R_0$ can be calculated as
$$R_0 = (\frac{\lambda}{\mu + \delta} +1)\times(\frac{\lambda}{\sigma} +1)$$
There are many approaches to estimate $R_0$, but this is one approach
$R_0$ vs $R_t$
There are also two quantities that differ. $R_0$ is the number of secondary cases from a single case in a population of all susceptibles. $R_t$ which is the effective reproductive number, which is the reproductive number at a singular instance of time.
Here is why the distinction is important: as more of the population moves to the Removed compartment, the $R_t$ will move closer to 1 (and eventually drop below 1). $R_0$ is the same for this population, since it is a special case of $R_t$ when the entire population is in the Susceptible compartment