Рейтинг@Mail.ru
Pravda.ru

News » Economics

Bank of Russia promises to bring inflation down

13.08.2002 | Source:

Pravda.Ru

 

The Central Bank of Russia is going to focus its energies next year on reducing the inflation rate to 9-12 percent. And in the next three years, the Bank's ambition will be to bring the rate below 8 percent, the bank's press service announced.

In its policies, the Bank of Russia will stick to its floating exchange rate regime. In 2002, the rouble has risen by 2.6 percent against the dollar, but has dropped 4 percent against the euro. As for the consumer prices, they have this year been rising at a slower pace than the previous year. They rose 9 percent in the first six months of 2002, as compared with 12.7 percent in the same period of last year.

As far as the country's economic outlook is concerned, the Bank of Russia has unveiled two possible scenarios for next year, depending on how the world economy develops. World economic growth in 2003 is predicted at 2 percent or, in the best-case scenario, at 3-3.5 percent. In the former case, Russia's gross domestic product will grow by 4.4 percent while in the latter, 3.5 percent. In either cases, Russia will be able to maintain a sustainable balance of payments, the Central Bank assured.

©

&to=http://www.cbr.ru/eng' target=_blank>Central Bank

 

follow us in feedly



Popular photos


Most popular

'Chinese dream' shattered by US?
'Chinese dream' shattered by US?
The US National Security Advisor will go to Beijing this week in order to prepare the visit of the Chinese leader Jinping to Washington in September. The summit will be held given the storm at the...
Ukraine: Getting to the truth. False Flag attack planned?
Ukraine: Getting to the truth. False Flag attack planned?
The Facebook page of a group which collects live reports from eye witnesses about the situation in Ukraine has been constantly taken down. Why? Because it contains abuse or violates one single rule of...
Система Orphus