June 7, 2018 / 6:37 AM / 6 months ago

Russia central bank: inflation to return to 4 percent after possible brief spikes

FILE PHOTO: Russian Central Bank Governor Elvira Nabiullina gives an interview to Reuters in Moscow, Russia May 31, 2018. Picture taken May 31, 2018. REUTERS/Maxim Shemetov

ST PETERSBURG, Russia (Reuters) - Russian Central Bank Governor Elvira Nabiullina said on Thursday some government measures may lead to short-term spikes in inflation, but added the moves were necessary and would not speed up inflation in the longer term.

“Inflation will return back to 4 percent,” Nabiullina said.

Reporting by Elena Fabrichnaya; Writing by Tom Balmforth; Editing by Maria Kiselyova

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