Google+
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

&to=http://www.rian.ru' target=_blank>RIAN

 
| More
1361

Popular photos

Most popular

USA's Trojan horse shatters UN Security Council
USA's Trojan horse shatters UN Security Council
World leaders gather for the 69th UN General Assembly, which Russian President Vladimir Putin is not going to attend. The Russian leader knows that real politics does not happen at UN sessions. If...
A 'Goebbels propaganda prize' for the corporate western media?
A 'Goebbels propaganda prize' for the corporate western media?
Pravda ('Truth') is indeed aptly named: its factual, accurate and objective reporting on current geopolitical events stands in stark contrast to the lies that are churned out and regurgitated daily by...

Video

Popular photos

Система Orphus