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RUSSIA'S ECONOMY

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

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

Russian Central Bank Pavel Smertin/TASS

Russian Central Bank

© Pavel Smertin/TASS

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Inflation in Russia in 2016 could be below 6% at current oil prices — finance ministry

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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Central Bank of Russia Inflation

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