Russian inflation target on track - Ignatyev

Speaking at an economic conference Russia's central bank governor Sergei Ignatyev said inflation should be held under 12 per cent despite IMF suggestions that price rises may be difficult to control.

Source: Moscow Times

Central Bank chief Sergei Ignatyev said Wednesday that inflation forecasts remained on target, but the IMF said oil dollars and reduced capital flight would make it hard to curb price rises.

"I think ... we will be able to keep December year-on-year inflation under 12 percent,"

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