Latest News
Russian economy begins new growth cycle: Russian Central Bank
Last Updated: 2017-07-14 10:30 | Xinhua
 Save  Print   E-mail

The Russian economy is now at the beginning of a new growth cycle, said Elvira Nabiullina, head the Central Bank of Russia.

She made the remarks at the International Financial Congress in St. Petersburg on Thursday.

She said the Russian economy has returned to low, but positive growth rates, the growth by 1.3 to 1.8 percent is expected in 2017.

However, the country needs structural reforms that can make economic development more sustainable, she said.

Nabiullina added that the Central Bank of Russia plans not to reduce the inflation of Russian ruble, but to control it for the next five years in order to maintain financial stability.

Share to 
Related Articles:
Most Popular
Chinese | BIG5 | Deutsch
Xinhuanet | | People's Daily Online | | CNTV | | Global Times | | China Youth International | Visit Beijing |
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved