Brooklyn Nets deny media buzz that Prokhorov plans to sell controlling stakeSport July 28, 16:10
Russia begins work on deep-water robot to reach Mariana Trench’s floorScience & Space July 28, 15:55
Experts: alternative energy may be used widely in the ArcticBusiness & Economy July 28, 15:50
Trials of second Yasen-class nuclear-powered submarine begin in RussiaMilitary & Defense July 28, 15:39
Aircraft carriers, amphibious ships, and GEVs key to Russian Navy’s futureMilitary & Defense July 28, 15:23
Blackout on Russian mainland leaves Crimea in the darkBusiness & Economy July 28, 15:22
Restrictions on number of US diplomats in Russia to take effect September 1 — diplomatRussian Politics & Diplomacy July 28, 15:21
Poll reveals Russians enjoy Aivazovsky’s paintings more than other artists’ worksSociety & Culture July 28, 14:49
US ambassador expresses strong disappointment with Russian Foreign Ministry’s decisionWorld July 28, 14:42
MOSCOW, August 24 /ITAR-TASS/. The Russian Central Bank does not intend to change its inflation target for 2014 and will specify its inflation forecast and submit it in September, the Central Bank chief said on Sunday.
“We’ll specify the forecast in September. I’m not saying exactly whether we’ll review it or not. But we are not going to change our target. Our forecast may exceed the target,” she said.
The Central Bank is going to explain why an inflation forecast will be above the target level, Nabiullina said.
The Russian Central Bank’s monetary policy guidelines set the inflation target at 5% in 2014, 4.5% in 2015 and 4% in 2016, with the permissible inflation deviation by no more than 1.5 percentage points from the targeted level.
The Russian Central Bank announced on August 12 it was specifying its forecasts in the wake of western sanctions and Russia’s food embargo as a countermeasure and would present them on September 12.