US Senate passes bill toughening anti-Russia sanctionsWorld July 28, 3:10
Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
NOVO OGAREVO, July 24 (Itar-Tass) - Russia’s inflation will return to the project level of 5-6 percent by the end of the year, Central Bank Chair Elvira Nabiullina said.
“Inflation is currently slightly above the level we have set as a target but we hope we will get back to 5-6 percent by the end of the year,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday, July 24.
She believes that “much will depend on the crop and food prices” but “on the whole, we hope to be able to keep inflation going down.”
“We also expect further decrease in inflation next year and hope that this will be helped by the decision to curb the tariffs for the services of natural monopolies,” the chief banker said.
Nabiullina briefed the president on the Central Bank’s priorities, naming monetary and credit policy among them. “It should match the current economic situation and a key task there is to continue the policy of reducing inflation,” she said.