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
Brexit: The UK's misunderstanding of Democracy
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
MP suggests replacing Lenin's mummy with rubber figure
Moving inexorably towards war
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Russians lose faith in their future, get ready for worse
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Without INF Treaty, USA can destroy Russian nuclear weapons easily
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin sees no drama if Russia misses Davos forum
Macron challenges Trump. French independence and croissants at stake
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000