January 15, 2020 / 10:56 AM / a month ago

Russian inflation may slow below 3% in Q1, says central bank official

MOSCOW, Jan 15 (Reuters) - Ksenia Yudaeva, the Russian central bank’s first deputy governor, said on Wednesday that inflation could slow to below the current level of 3% in the first quarter of the year.

She added that the central bank had no plans to change its inflation target, which currently stands at 4%.

Reporting by Elena Fabrichnaya and Andrey Ostroukh Writing by Gabrielle Tétrault-Farber Editing by Catherine Evans

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