04 February 2004 01:55
Putin, Ignatyev discuss ruble rate, macroeconomics
MOSCOW. Feb 4 (Interfax) - President Vladimir Putin and Central Bank Chairman Sergei Ignatyev on Wednesday discussed
the ruble exchange rate and the macroeconomic situation.
"In exchange rate policy, we are pursuing two goals, namely to gradually decrease inflation and prevent an
abrupt strengthening of the ruble," Ignatyev said. These steps are aimed at "preventing a deterioration of
conditions in the real sector" and ensuring a proper environment for economic growth, he said.
Inflation totaled 12% last year, down from 15.1% in 2002, he said.
"Inflation continues to decrease this year and totaled 1.8% in
"Last year's goals were attained. Real growth of the ruble totaled 4.1%," he said.
Moreover, "the Central Bank assessed the macroeconomic situation as quite favorable. The credit and monetary
policy goals set for 2003 were reached," he said.
January," he said. Inflation reached 2.4% in the first month of 2003, and 3.1% in January 2002, he said. [RU BNK
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