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MOSCOW, December 9. /TASS/. The average inflation level is expected to be 4% in 2018-2019, Director of Research Department at Russia’s Central Bank Alexander Morozov said Friday.
"Speaking about 2018-2019 we’d like to stick to the following strategy, meaning on average inflation will really be 4%," he said, adding that the Bank of Russia would like to avoid changing the key rate in case of any stocks during this period of time.
"It would be highly undesirable for the regulator to respond to those shocks by changing the interest rate policy. It means that if inflation accelerates due to temporary reasons we don’t want to raise the rate. If inflation goes down below 4% similarly we don’t want to cut the rate in case of any shock, say, super harvest," Morozov said.
The current price growth rates are in line with the Central Bank’s plans to reach inflation of 4% by the end of 2017, Morozov said.
"We can say that the current rates of price growth are in line or almost in line with the rates ensuring that we (reach) 4% by the end of next year," he said.