CBR thinks realistic inflation falling under 4% if budget rule adhered to

Home > Newsroom > Top Stories > CBR thinks realistic inflation falling under 4% if budget rule adhered to - Ignatyev

CBR thinks realistic inflation falling under 4% if budget rule adhered to - Ignatyev

MOSCOW. Jan 31 (Interfax) - The Central Bank of Russia (CBR) considers realistic a drop in inflation to under 4% if the budget rule is followed, CBR Chairman Sergei Ignatyev said.

"I think, the CBR is not letting [us] down, and if the budget policy that has now been announced is fulfilled, I mean the budget rule, we will be able to lower in the next few years inflation to six-five-four and even less percent," Ignatyev said.

The CBR has determined a target range for inflation in 2013 at 5%-6% and in 2014-2015 at 4%-5%.