Russian Central Bank Expects Inflation In 2019 To Lean Toward 3.2%

Faizan Hashmi Published November 14, 2019 | 05:04 PM

Russian Central Bank Expects Inflation in 2019 to Lean Toward 3.2%

The Central Bank of the Russian Federation said Thursday it was expecting the yearly inflation in the country to lean toward 3.2% in 2019

MOSCOW (UrduPoint News / Sputnik - 14th November, 2019) The Central Bank of the Russian Federation said Thursday it was expecting the yearly inflation in the country to lean toward 3.2% in 2019.

"Given the examined price dynamics, the inflation rate in 2019 is likely to be closer to the lower range of the Bank of Russia forecast (3.2-3.7%)," the bank said.

At the same time, the bank expects the yearly inflation to briefly fall below 3 percent in the beginning of 2020.

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