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Bank of Russia does not see inflation accelerating — department director

The Bank of Russia revised its inflation outlook in late October

MOSCOW, November 29. /TASS/. The Bank of Russia does not see a significant acceleration in inflation and it is near the upper limit of the forecast range in annual terms, department director of the Central Bank Alexey Morozov said.

"[Inflation is now] 7.4%. We see so far that inflation is close to the upper limit of the forecast range of 7-7.5%," Morozov said. "We are focusing on the upper limit of our range at the moment," he added.

The Bank of Russia revised its inflation outlook in late October. According to the forecast, inflation will be within the range of 7-7.5% as of the end of 2023.

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Central Bank of Russia

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