Date: 7 days ago   Category: Finance

The Central Bank expects annual inflation in 5-5,5% for the end of 2019 — Rambler News Service


The Central Bank expects annual inflation in 5-5,5% for the end of 2019
Photo: Ilya of Pitalev/RIA Novosti the Bank of Russia expects annual inflation in 5-5,5% for the end of 2019, it is said in the statement of the Central Bank. "Annual inflation will reach a maximum in the first half of the year 2019 and will make 5,0–5,5% for the end of 2019" — reports the regulator. At the same time quarter rates of a gain of consumer prices will in annual terms be slowed down up to 4% already in the second half of the year 2019. Annual inflation will return to a target indicator to 4% in the first half of 2020. According to the Central Bank, it will occur when effects of the happened ruble depreciation and increase in the VAT are exhausted. Earlier the Central Bank for the first time since December, 2014 has raised a key interest rate. The indicator has grown by 0,25 items — up to 7,5%.

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