MOSCOW, November 5. /TASS/. A tougher monetary policy may be required for the consistent lowering of stable inflation to 4%, the Bank of Russia said in the key rate discussion summary.

"Certain participants noted that stable inflation acceleration also reflected in part accumulated effects of monetary policy easing occurred earlier," the regulator said.

"In their opinion, a greater degree of toughness of monetary conditions than actually evolved in recent quarters may be required for steady reduction of stable inflation down to 4%," the Bank of Russia added.