Russian Central Bank not to correct inflation target

WASHINGTON, April 12. /ITAR-TASS/. The Russian Central Bank did not plan to change the inflation target, despite the Economic Development Ministry’s changed forecast, First Deputy Chairperson of Bank of Russia Ksenia Yudayeva told reporters on the sidelines of the G20 financial meeting.

The CB might correct its forecast, but the target would not be corrected, as it was the aim for this year, she noted.

Earlier, the Ministry of Economic Development corrected the inflation forecast for 2014 to 6% from 4.8%. Finance Minister Anton Siluanov said the correction was reasonable.

The CB target for 2014 is set at five percent with a margin of 1.5%.