S&P says Russia’s inflation to return to 4% target in Jul-Dec 2018

MOSCOW, Jan 9 (PRIME) -- Russia’s annual inflation will return to the central bank’s 4% target in July-December 2018, Tatiana Lysenko, a senior economist for Russia at S&P Global Ratings, told PRIME on January 5.

“We expect Russia’s inflation to remain low, and interest rates to decrease gradually. We project that annual inflation will return to the target level of 4% in the second half of 2018 from 2.5% in November 2017,” she said. “Average annual inflation is likely to be close to 3%.”

Lysenko added that growth in global trade linked with an overall economic recovery and relatively stable oil prices are among the positive factors for the country’s economy.

S&P projects the average oil price at U.S. $55 per barrel in 2018.

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