11.10.2016, 10:42
Inflation Goes Down in Line with Bank of Russia Forecast
OREANDA-NEWS. In September, inflation continued to follow a downward path remaining within the Bank of Russia’s baseline scenario, as is noted in the tenth issue of the Talking Trends Bulletin prepared by the Bank of Russia’s Research and Forecasting Department.
The strongly inertial inflation expectations and trade margin recovery in the segment of certain non-food goods hindered inflation reduction. Nevertheless, the current moderately tight monetary policy pursued by the Bank of Russia promises further relief in inflationary pressure, the Bulletin’s authors emphasise.
Economic activity in 2016 Q3 showed stronger dynamics than in Q2. There are still signs of the economy hitting a slow growth path amid the ongoing slump in certain sectors. Russia’s GDP index estimates published in the Bulletin deteriorated slightly as compared with the previous month but still inspire hopes for economic growth in Q3 and Q4.
The views expressed in the Bulletin are solely those of the authors and do not necessarily reflect the official position of the Bank of Russia.
The strongly inertial inflation expectations and trade margin recovery in the segment of certain non-food goods hindered inflation reduction. Nevertheless, the current moderately tight monetary policy pursued by the Bank of Russia promises further relief in inflationary pressure, the Bulletin’s authors emphasise.
Economic activity in 2016 Q3 showed stronger dynamics than in Q2. There are still signs of the economy hitting a slow growth path amid the ongoing slump in certain sectors. Russia’s GDP index estimates published in the Bulletin deteriorated slightly as compared with the previous month but still inspire hopes for economic growth in Q3 and Q4.
The views expressed in the Bulletin are solely those of the authors and do not necessarily reflect the official position of the Bank of Russia.
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