23 May 2014 12:16

CBR sees medium-term inflation target of 4% as appropriate

ST. PETERSBURG. May 23 (Interfax) - The Central Bank of Russia believes that 4% is an appropriate medium-term target for inflation, CBR chief Elvira Nabiullina said at the St. Petersburg International Economic Forum.

She said that annual inflation is currently running at about 7.5%, but is expected to slow to 6% by the end of the year.