The Central Bank of the Russian Federation said Thursday it was expecting the yearly inflation in the country to lean toward 3.2% in 2019
MOSCOW (Pakistan Point News / Sputnik - 14th November, 2019) The Central Bank of the Russian Federation said Thursday it was expecting the yearly inflation in the country to lean toward 3.2% in 2019.
"Given the examined price dynamics, the inflation rate in 2019 is likely to be closer to the lower range of the Bank of Russia forecast (3.2-3.7%)," the bank said.
At the same time, the bank expects the yearly inflation to briefly fall below 3 percent in the beginning of 2020.