July 15, 2020 / 11:54 AM / 25 days ago

Russia's c.bank says monetary easing will keep inflation near 4% target in 2021

MOSCOW, July 15 (Reuters) - The Russian Central Bank on Wednesday said fiscal policy and soft monetary policy would help ensure that inflation stabilises near the bank’s 4% target in 2021.

In a report, the bank said disinflationary factors, fuelled by the drop in demand in the economy, continued to predominate.

Inflation currently stands at 3.2%.

Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Jon Boyle

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