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The Russian central bank sees inflation at the end of the year close to its target

20 Nov 2018 01:51 PM

Russia's central bank expects inflation at the end of the year to be around 4%, but the risk balance may change before its key meeting on Dec. 14, the head of research at the central bank said.

Alexander Morozov said on Tuesday that the bank could stop buying foreign currency again in 2019 if there were risks to financial stability.

"Purchases have been suspended since August due to market volatility and the central bank is due next month to decide when and how to resume purchases.