Nabiullina: the Central Bank of the Russian Federation considers it possible to achieve a 4 percent inflation


LIMA, October 10. The Central Bank of the Russian Federation considers it possible to achieve a 4 percent inflation without providing excessive pressure on the economy. This was reported to journalists by the Chairman of the Bank of Russia Elvira Nabiullina.

“We maintain our target of 4% by 2017. Next year our forecast of 5.5-6.5 per cent. We believe that this goal can be achieved, without excessive downward pressure on the economy,” she said.

The Ministry of economic development in the attainability of this goal does not believe. According to the Ministry, inflation in Russia in 2016 will amount to 6.4%, in 2017 – 6%, in 2018 of 5.1%.

Nabiullina also noted that, according to estimates by the Central Bank, the economic downturn is due to not only cyclical but primarily structural factors. “If the oil price will remain at$ 50 per barrel, it has become structural in nature… the monetary policy Measures, it is not correct”, – she emphasized.