MOSCOW May 15 Russia's central bank is very
likely to speed up rate cuts if inflation quickly falls below
its target of 4 percent, the Russian economy ministry said on
The ministry said if the current rouble level remained in
place till the end of the year then inflation could fall to 2.9
percent in December.
It added that it saw inflation ending the year at 3.8
percent in its base case, because it expected the Bank of Russia
to react in the event of an accelerated inflation slowdown.
(Reporting by Alexander Winning; editing by Vladimir Soldatkin)