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Russian Central Bank bound to meet 4% inflation target by end-2017

April 19, 2016, 11:52 UTC+3 MOSCOW

The Central Bank’s task from the viewpoint of raising economic growth rates and improving its structure is to reduce inflation and volatility, the regulator's First Deputy Chairperson says

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Russian Central Bank

Russian Central Bank

© Pavel Smertin/TASS

MOSCOW, April 19. /TASS/. The Bank of Russia intends to pursue its monetary policy aimed at meeting the 4% inflation target by the end of next year, Central Bank First Deputy Chairperson Ksenia Yudaeva said Tuesday.

"The Central Bank’s task from the viewpoint of raising [economic] growth rates and improving its structure is to reduce inflation and volatility. For this very reason we will focus our policy on meeting the 4% inflation target by the end of next year and keeping inflation at this level," she said.

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