Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
Lavrov tells Tillerson attempts to exert pressure on Russia through sanctions pointlessRussian Politics & Diplomacy June 22, 20:14
Russian war memorial in Poland reopens after renovationWorld June 22, 19:41
Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
Russian fans show fascinating hospitality at 2017 Confederations Cup — renowned pianistSport June 22, 18:32
First days of Soviet Union's Great Patriotic War in picturesSociety & Culture June 22, 18:10
Defense Ministry comments on upcoming Russia-China military exercisesMilitary & Defense June 22, 18:08
MOSCOW, December 11. /TASS/. The trade restrictions imposed against Turkey will not substantially affect inflation dynamics, according to the documents published by Russia’s Central Bank after its board meeting on monetary policy on Friday.
"At the beginning of 2016 annual inflation will go down substantially, which will be explained by its high rate at the beginning of 2015 among other factors. Introduction of trade restrictions against Turkey starting from January 2016 will not substantially affect the dynamics of consumer prices. At the end of 2015 and the beginning of 2016 potential upturn in inflation triggered by those restrictions is estimated within the range of 0.2-0.4 percentage points," the regulator said.
According to the Bank of Russia, annual inflation in 2016 and 2017 will be held down by weak consumer demand and moderately tough monetary environment.
On the other hand, inflation slowdown will predetermine lower inflationary expectations.
Russia’s financial regulator projects annual inflation rate to stand at around 6% in end-2016 and reach the target of 4% in 2017.