Russian economy minister says 4 pct inflation level will be reached no later than July

Market news

24 March 2017

Russian economy minister says 4 pct inflation level will be reached no later than July

This should speed cutting of key rate
Steps to establish stable and predictable economic environment to anchor inflationary expectations
Obvious that Central Bank next steps to be linked to mid-term inflationary expectations

Russian Central Bank lowers key rate to 9.75% from 10% expected

EU's Dombrovskis says modest recovery ongoing in Italy, GDP seen at +1% in 2017

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