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Positive effects of low inflation may be obvious in 2-3 years — Russia's Central Bank

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Central Bank expects steady economic growth in 2017

ST. PETERSBURG, June 1. /TASS/. The positive effects of low inflation in Russia will be obvious in 2-3 years, Central Bank chief Elvira Nabiullina said at the St. Petersburg International Economic Forum (SPIEF-2017) on Thursday.

"Despite a serious decline in inflation we don’t think that we’ve hit the goal. Our goal is not to reach 4% in one month, but to ensure stable low inflation over the medium-term, while we’ll be able to say that we’ve reached stable low inflation in 2-3 years," she said, adding that "the positive effects of low inflation will be most obvious in 2-3 years."

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Central Bank of Russia SPIEF-2017

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