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Mass media / Periodicals

Inflationary revival // the Bank of Russia has moved from fighting inflation to combating low

The Newspaper "Kommersant". The main thing 25.10.2019 at 22:38

Daily illustrated national business newspaper

Acceleration of economic growth in the third quarter, apparently was a temporary, external and domestic demand is too low, the government was not ready to invest in national projects, and the inflation forecast for the end of the year were overstated by 0.3–0.8 percentage points — that is the rationale announced yesterday by the Bank of Russia to reduce the key rate by 0.5 points. Now almost fully agreed with the position of the Ministry of economy, the Central Bank intends to lower the rate further: gradually prevails is the logic, according to which four percent inflation is Russia the key to economic growth.