IMF: Russia's medium-term growth to remain subdued at about 1.5 pct a year

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19 May 2017

IMF: Russia's medium-term growth to remain subdued at about 1.5 pct a year

Inflation expected to slow to Central Bank's 4 pct target this year, remain close to target thereafter
IMF calls for inroducing fiscal rule, advancing on structural reforms to improve growth potential
Russia rate cuts should be gradual given output gap, volatile oil prices

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