MOSCOW (Reuters) – Inflation in Russia is expected to return to the central bank’s 4% target faster than initially expected, the bank said in a report on Tuesday.
Annual inflation, which in March stood at 2.5%, is in focus ahead of the central bank’s rate-setting meeting on April 24.
The central bank added that a global economic slowdown and coronavirus lockdowns in the country would become significant disinflationary factors in the medium term.
(Reporting by Elena Fabrichnaya; Writing by Gabrielle Ttrault-Farber; Editing by Maria Kiselyova)
