Economic news

Russian CB says no Risk of Deflation, will Use Regular Tools

June 17 (Reuters) - The Russian central bank can use standard instruments to decide monetary policy as there is no risk of deflation, Central Bank Deputy Governor Alexei Zabotkin said on Friday.

Week-on-week consumer prices have fallen in Russia in recent weeks.

The central bank cut its key interest rate to the pre-crisis level of 9.5% last week and kept the door open to further easing as year-on-year inflation slowed, while noting uncertainty related to external risks such as the Western embargo on Russian oil. 

Reporting by Reuters; editing by John Stonestreet

Source: Reuters

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