Putin and c bank chief discuss inflation, gold

RUSSIA - On Wednesday Russian President Vladimir Putin and Central Bank chief Sergey Ignatyev discussed the macroeconomic situation in Russia.

Ignatyev told the president that he assesses the macroeconomic situation in the country as "relatively favourable". He said that in the first six months of 2002, inflation stood at 9 per cent, compared with 12.7 per cent in the same period in 2001.

He expressed hopes that full-year inflation will total 14 per cent, which is in line with the Central Bank's

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