Russian central bank says inflation risks remain high

MOSCOW, Mar 25 (PRIME) -- Russia’s inflation risks remain high, they are connected with the situation on the global oil market, high inflation expectations, and uncertainty over some budget parameters, the central bank said in a report late Thursday.

“Annual inflation fell to 8.1% in February (from 9.8% in January) under the influence of a high base effect, limited demand, lower currency volatility, and reduction of prices on global agricultural markets. But inflation risks remain high. They are connected with the situation on the global oil market, persistently high inflation expectations, and uncertainty over some budget parameters,” the regulator said.

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