February 15, 2017 / 8:56 AM / 5 months ago

Russian central bank says reaching 2017 inflation target not an easy task

1 Min Read

MOSCOW, Feb 15 (Reuters) - Russian central bank governor Elvira Nabiullina said on Wednesday that inflation was falling as expected but that did not mean that reaching the 4 percent inflation target was an easy task.

Addressing the upper house of parliament, Nabiullina also said that interest rates should remain above inflation. The Russian central bank has targeted 4 percent inflation by the end of 2017. (Reporting by Elena Fabrichnaya; writing by Katya Golubkova; editing by Alessandra Prentice)

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