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Russia not to change inflation forecast for 2008

February 29, 2008 | RBC

The Bank of Russia is not planning to change its annual inflation forecast of 8.5 percent for 2008, radio Echo of Moscow reported today, citing the bank's First Deputy Chairman Alexei Ulyukayev. He pointed out that Russia could meet the target, adding that the figure itself was not as important, as the downward trend. Ulyukayev noted that the government was capable of curbing inflation, despite an inflation rate exceeding 3 percent in the first two months of the year.

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