Min: Russian govt, cbank should have common inflation goals

KAZAN, Apr 22 (PRIME) -- The Russian government and the central bank should have common inflation targets, Finance Minister Anton Siluanov told reporters Friday.

The central bank’s target is to reach inflation of 4% by 2018, while the government’s baseline scenario developed by the Economic Development Ministry implies that Russia’s consumer price growth will slow down to 4% only by the end of 2019.

“We think that we actually need to have common inflation targets with the central bank. This issue was discussed with the government,” Siluanov said.

“This forecast (of the Economic Development Ministry) was made on the basis of adjustments introduced after discussion with the central bank. But this forecast is not final, we will make the final forecast in summer,” he said.

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