MOSCOW (Sputnik) — The Russian Economic Development Ministry expects inflation in Russia to slow to 3.6-3.8 percent by year-end, allowing it to actively lower rates, Minister Maxim Oreshkin said during a government hour session Wednesday.
"The inflation rate is now close to the Bank of Russia's target estimate of 4 percent and should drop to a level of 3.6-3.8 percent by the end of the year, according to our estimates," Oreshkin told lawmakers.
He noted that the trend would allow the bank to "actively lower the key rate."
