The Central Bank said the Outlook for inflation in Russia in 2015 to 12.8-13% 12-13%

The Central Bank said the Outlook for inflation in Russia in 2015 to 12.8-13% 12-13%


According to the estimates of the regulator, annual inflation in Russia slowed to 7 December to 14.8% after 15.6% in October, and at the end of 2016 will be about 6%.

MOSCOW, 11 Dec. The Bank of Russia said its inflation forecast for 2015 to 12.8-13% 12-13%, according to the report on monetary policy.

Earlier, the head of the Central Bank Elvira Nabiullina said that the Bank of Russia expects a reduction in annual inflation to below 10% in January 2016.

The Bank of Russia on Friday kept its benchmark rate at 11% per annum due to the increasing inflation risks. Thus, according to the regulator, inflation in Russia slowed to 7 December to 14.8% after 15.6% in October, and at the end of 2016 will be about 6%.