Russia's Ignatyev upbeat on inflation, currency

Russia has a good chance it can meet its inflation and foreign exchange targets despite rising oil prices and its budget situation, Russian Central Bank Governor Sergei Ignatyev said on Wednesday 26 May.

"At this moment we consider the chance or the probability of reaching the inflation target of 8 percent to 9 percent and also keeping the ruble [appreciation] not higher than 7 percent versus the basket of the dollar and euro very high," Ignatyev said during the seminar in Helsinki between

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