Date: 7 months ago   Category: Finance

The Central Bank predicts inflation following the results of 2019 in the range of 5-5,5% — Rambler News Service


Photo: Anton Vergun / TASS of the Central Bank predicts that annual inflation following the results of 2019 will be in an interval of 5-5,5%, however in 2020 it will return to 4%, follows from regulator materials. The Bank of Russia has noted that pro-inflationary risks remain at the increased level, especially on the short-term horizon. At the same time the regulator indicates maintaining uncertainty concerning further development of external conditions. "The Bank of Russia predicts annual inflation in the range of 5,0–5,5% following the results of 2019 with return to 4% in 2020" — it is said in the statement. Have added to the Central Bank that the regulator "will estimate expediency of further increase in a key interest rate, in view of dynamics of inflation and economy concerning the forecast and also considering risks from external conditions and reaction to them of the financial markets". In compliance with the forecast of the Central Bank, growth rates of consumer prices by the end of 2018 will be 3,8-4,2%. Today, on October 26, the Bank of Russia has kept a key interest rate at the level of 7,5%. Before, in September, the Central Bank for the first time since December, 2014 has raised a rate — on 0,25 items.

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