Nabiullina said about the compliance of the inflation expectations of the Central Bank

Moscow. July 12. INTERFAX.RU – Inflation in Russia in the first half, despite fluctuations, corresponds approximately to the expectations of the Central Bank of the Russian Federation, the target of 4% by the end of 2017 is achievable, the Chairman of the Bank of Russia Elvira Nabiullina in an interview with “Business FM”.

“Now, despite this inflation dynamics – first, she fell a little more than we expected, and then was slightly higher than expected, in General, over the six months the inflation rate behaves approximately as we expected. Therefore we with confidence look at what the end of the year will have inflation around 4%,” – said Nabiullina.

CB head reminded that when in the first months of the year inflation was falling quickly enough, the regulator had warned against excessive optimism. The Bank of Russia then pointed to a role in the slowdown of inflation of such temporary factors as the incident, the strengthening of the ruble, a shifted seasonality for produce. “We understand that this is a temporary factor, and took that into account in their decisions. That is, we have factored in the decision-making ability and a weakening of if it will happen, but not yet a fact, because it is really floating, and many factors influence it; and this shifted the seasonality,” – said Nabiullina.

She added that fluctuations of the national currency should not affect the achievement of the target. “It doesn’t-it’s all taken into account. We live under a floating rate, he really can and will change. We take all this into account,” said she.