Source Pravda.Ru

Annual inflation rate in Russia can fall to 12 per cent by april 2003, according to IMF

The annual inflation rate in Russia can fall to 12 per cent by April 2003. Head of the International Monetary Fund /IMF/ permanent delegation in Russia Paul Thomson expressed this opinion at a press conference on Thursday.

He considers it possible only if Russia's tax and budgetary policy remains strong, and there will be no sharp increase in budgetary expenses at the end of the current year. In this situation the target inflation rate set at 10 per cent for the end of the next year does not look "sufficiently ambitious", according to Thomson.

Moreover, one of the IMF latest reports devoted to trends in macroeconomic and economic policy point out that the process of inflation decrease in Russia is much slower than in other CIS countries.

Comments
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Turkey desperately tries to rescue its national currency as it falls to all-time lows
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled