The 2014 inflation target of 5 percent can still be achieved, Central Bank head Elvira Nabiullina said at a meeting with Russian President Vladimir Putin.
"By our estimates, and taking into account the measures adopted, we can achieve the stated target of lowering inflation to 5 percent by the end of the year, although in general, inflationary pressure is still intense," she said.
Experts have tried to reassure investors arguing, that the ruble will return to its previous position soon. Read more>>>
The dollar and euro skyrocketed in early Moscow Exchange (MOEX: MOEX) trading on Monday, and the ruble tumbled against the bicurrency basket amid the deteriorating situation in and around Ukraine. Read more>>>
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