Stock market quotes, forex, financial news, forex tools – money-investing.com

Ministry of Finance: Russia is waiting for a very low inflation in 2016

 Breaking News
  • Trump and Xi Jinping came to an agreement! According to the reports from Xinhua, US President Trump and China’s President Xi Jinping have agreed on additional tariffs from the United States. During the G-20 summit in Argentina, the...
  • Qatar leaves OPEC on 1, January Next year Qatar will leave OPEC. The Minister of Energy of the Middle Eastern state said that the country was not going to fulfill any obligations when the clock chimed...
  • Brent rose by 5% to $ 62.5 On Monday, the price of the major benchmark crudes is growing due to the news from the main supplier countries. February contracts of Brent have risen by 5% to $...
  • Fiat invests in the national auto industry An automaker Fiat is going to invest 5 billion Euros in the improvement of the production in Italy. It is planned to absorb investments in the next four years. The...
  • General Motors will cut staff and close several plants An auto giant General Motors is going to cut about 15% of its employees and a quarter of the management team. These changes apply only to the United States. Thus,...

Ministry of Finance: Russia is waiting for a very low inflation in 2016

Ministry of Finance: Russia is waiting for a very low inflation in 2016
September 14
15:00 2016

The Ministry of Finance of the Russian Federation has made a pessimistic forecast: the lowest inflation rate of 5.7% is expected at the end of the year. On September 14, RIA Novosti has quoted the words of Deputy Finance Minister Maxim Oreshkin, who shared this information.

In particular, Oreshkin said: “Now the level is lower than 7% of expectations (on inflation) for the end of the year. 5.7% is the level that we expect at the end of the year. This is a historic low of the inflation in Russia. “

He also said that the Russia’s target on the inflation, which was equal to 4%, could be really achieved in 2017. Maxim Oreshkin noted that, in particular, the decline in inflation expectations was clearly seen on the debt market.

Deputy Minister of Finance noted: “If you look at our inflation bonds, it is clear that those expectations, which have been incorporated in the next 6-7 years, is the average inflation rate not higher than 5%. When we placed them, levels were much higher.”

On the eve the agency made a forecast for this year inflation, which was equal to 5.5-6%. Meanwhile, the Central Bank of the Russian Federation gives its forecast of the consumer price growth for the full year at around 5-6%.

The forecast is based on the Ministry of Economic Development forecast with the inflation of 6.5%, although the representatives of agencies in the recent past said many times that this mark would be below 6%.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment