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Russian economy continues returning to sustainable growth path — Central Bank

The operation of this mechanism is gradually bearing fruit, experts said

MOSCOW, December 5. /TASS/. The Russian economy continues returning to the sustainable growth path, the Central Bank said.

"Flash data evidence that growth of the Russian economy slowed down in the fourth quarter," the Bank of Russia said in its bulletin. "At the same time, owing to the transmission mechanism of the monetary policy, the Russian economy continues returning to the path of sustainable growth and 4% inflation, limiting the overheated demand," the Central Bank informed.

The operation of this mechanism is gradually bearing fruit, experts said. Saving activity of households increased after the rise in interest rate in the economy and the demand for loans started declining in certain segments. "Decisions already made on the monetary policy will lead to gradual deceleration of inflation processes in coming months and quarters," the Bank of Russia said.