CBR: inflation in Russia in I quarter will be 2%

Consumer prices in the Russian economy in the first few months of 2020, according to forecasts of the Bank of Russia will grow by about 2%.

the head of the Bank of Russia Elvira Nabiullina in her speech at the meeting of the Board of Directors of the Central Bank, said the decline in annual inflation in January 2020 to 2.4%.

a Slowdown in inflation dynamics, according to the Chairman of the Central Bank of the Russian Federation, became one of the factors considered when deciding the leadership of the Central Bank to lower interest rates to 6%.

a slowdown in inflation in Russia in the beginning of 2020 was “more significant” than expected in the Bank of Russia. Elvira Nabiullina noted that new estimates of the Central Bank, the growth rate of consumer prices in annual terms in the first quarter of this year “will be about 2%”.

during the second and subsequent quarters, the Central Bank expects a gradual increase in prices. In General, for 2020, according to forecasts of the Bank of Russia, inflation in Russia will make 3,5–4%.