The Central Bank explained the reasons of deviation of inflation from the target level

© RIA Novosti / Natalia to Seliverstova in photobacteria the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoThe Central Bank explained the reasons of deviation of inflation from the target level© RIA Novosti / Natalia to Seliverstova the image Bank

The deviation of inflation from the target level below 4% due largely, but not mainly to temporary factors, said the Director of the Department of monetary policy of the Central Bank Igor Dmitriev at the Gaidar forum.

«Inflation below 4% is largely, but not exclusively, due to temporary factors,» — said Dmitriev.

«We see that the stable component of inflation is still likely close to, but below 4% is. This raises a different question about the choice of volatility. You can chase that inflation was near 4%, but this will require a very active steering», he said.

«If suddenly there was a shock, and inflation dived below, sharply tender (DCT – ed.). Had a shock, could above, sharply toughen. It will not add stability in the whole economy. In a lot of inflation in General, inertial processes», — said the head of the Department of the Central Bank.

The Bank of Russia considers proper inflation target of 4%, do not agree with the proposals to change the target to a lower one, said January 17 the head of the regulator Elvira Nabiullina. According to Rosstat, inflation in Russia by the end of 2017 amounted to 2.5%, from the beginning of 2018 to 15 January, consumer prices rose 0.2%. Low inflation is positive for both the public and businesses, said on Wednesday the head of the Central Bank.

RIA Novosti, a member of the media group «Russia today», is the official information partner of the Gaidar forum — 2018.

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