Nabiullina sees every chance of hitting CPI target

Russia has every chance of achieving the central bank's target of getting inflation down to 4%, the bank's governor, Elvira Nabiullina, said.

Speaking at a news conference, Nabiullina said though that there was a risk that inflation's downward path would stall at around 5 or 6%.

She said Russian gross domestic product would grow by between 1.5 and 2% in the period 2018-2019, Reuters reports.