The Central Bank will not allow inflation to either fall or rise
The Central Bank of Russia sets itself the task of keeping inflation at 4%. Deputy Chairman of the Central Bank of the Russian Federation Ksenia Yudaeva stated this today, speaking at the Gaidar Forum.
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“It is already clear that 4% by the end of the year is realistic. We set the task of maintaining such inflation for the near future. The economy is unpredictable. The inflation rate can fluctuate in one direction or the other. The Central Bank’s policy will be aimed at returning it to 4%,” Yudaeva said.
Russian Minister of Economy Maxim Oreshkin considers the monetary policy of the Central Bank of the Russian Federation adequate to “external challenges and shocks.”
“If we talk about 17, I see no reason for the inflation forecast to be seriously violated. Taking into account the fact that oil prices have risen, we have a good opportunity to reduce the use of the reserve fund and maintain it at the end of the year,” Oreshkin said.
English version :: Read in English The Central Bank will not allow inflation to either fall or rise.