Russian govt, cbank must join forces to cut inflation to 4% 2017

LONDON, Dec 8 (PRIME) -- Russia’s inflation may fall to 4% in 2017 only if the government and the central bank combine their efforts, Deputy Finance Minister Alexei Moiseyev told reporters on Tuesday.

Under a baseline scenario of the central bank, Russia’s inflation will stand at 5.5-6.5% in 2016 and slow down to 4% in 2017.

“We believe it is realistic to cut inflation to 4% in 2017,” he said, adding that the central bank and the government must combine their efforts to do it.

The Economic Development Ministry expects Russia’s inflation at 6.4% in 2016 and 6% in 2017.

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