The country’s inflation is lower than expectations

The Vice President of the Russian Central Bank, Alexei Zabotkin, announced that inflation in Russia is low at a minimum of the bank’s expectations.

Zabotkin said in the Duma Council today, Wednesday: “Based on the dynamics that we see during the first quarter, the total inflation for the first quarter is slightly less than the expectations that the Central had published on February 14 after its meeting to discuss the country’s monetary policy.”

He explained that there is a slowdown in the growth of prices “compared to the rate it was in the fourth quarter”, and stressed that preserving strict monetary policy is essential to re -inflation to its low levels. (Russia today)