Kudrin sees Russia switching to inflation targeting within 5 years
 MOSCOW, Jun 17 (Prime-Tass) -- Russia will switch from exchange rate targeting to inflation targeting within five years, Deputy Prime Minister and Finance Minister Alexei Kudrin said at an economic conference Tuesday.
"A switch to (inflation) targeting in the countries that chose to do that has been carried out from two or three years to five years," he said.
Kudrin also said that he believed the Central Bank of Russia (CBR) was taking "adequate" measures to reduce consumer price inflation by the end of this year. The central bank expects money supply growth to amount to 28-30% in 2008, he added.
Consumer prices rose 8.1% from January 1 through June 9, the Federal State Statistics Service said earlier. The government's official inflation target for 2008 is 10.5%.
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17.06.2008 12:06
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