11 June 2004 04:45
CBR chief talks to Putin about inflation
MOSCOW. June 11 (Interfax) - Russian inflation grew 5.3% in January-May 2004, against 7.1% in the same period last
year, Central Bank of Russia Chairman Sergei Ignatyev said at a Friday meeting with President Vladimir Putin.
"We will be able to stop inflation level indicators at 8%-10%" in 2004, he said.
Ignatyev said the ruble's rise in May "stopped and remained at the level of April." In addition, the
ruble strengthened in the five months by six percent.
The real effective ruble exchange rate in June "will remain at the same level, and may even drop slightly,"
Ignatyev said. [RU ASIA EUROPE EEU EMRG BNK CEN ECI] rm
[Interfax] |
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