25 april 2011

Prime Minister Vladimir Putin holds a joint meeting of the boards of the Ministry of Economic Development and the Ministry of Finance on their performance in 2010 and objectives for 2011

Vladimir Putin

At a joint meeting of the boards of the Ministry of Economic Development and the Ministry of Finance on their performance in 2010 and objectives for 2011

Participants:
“We need to set ourselves the objective of bringing inflation down to a new record low. The Central Bank is set to keep inflation from rising above 7.5%. This will be no easy task, given the rates we had early this year, but it’s not unrealistic. If achieved, this rate will be the lowest since 1991. And by 2014, we should try to bring it down further to 4-5%.”