Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
Swiss-based CAS upholds four-year ban on Russian marathon runner MayorovaSport April 24, 15:57
Teenager brings grenade to school in Dagestan, one killed, 11 woundedWorld April 24, 15:54
Foreign policy chief says EU ready to return to strategic partnership with RussiaWorld April 24, 15:45
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.