Sberbank sees inflation near 4% in 2020 if ruble stabilizes

MOSCOW, Apr 16 (PRIME) – Russia’s annual inflation will be close to 4% in 2020 if the ruble stabilizes at the current level, the Sberbank Investment Research report said on Thursday.

"If the exchange rate stabilizes near the current level, we can expect that inflation will be close to the level of 4% targeted by the central bank because the price growth will be limited by weakening domestic demand," the bank said. 

The ruble rate against the U.S. dollar for Friday stands at 74.7119, against the euro at 81.2791.

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