U.S. News

Russian c.bank chairman sees inflation at 6 pct


MOSCOW, May 10 (Reuters) - Russian annual inflation is poised to stay around 6 percent over the next two years, while the rouble will be stable even with oil price fluctuations, central bank chairman said on Monday. "The latest April data say it's at 6 percent ... I hope it will stay at this level in next one to two years," RIA Novosti is quoting Sergei Ignatiev as saying to Russia Today TV channel. He also said after that period inflation could go down to four or five percent, or "even lower". The central bank chairman added that he expected the rouble to stay stable even with oil price volatility. On Friday, the Russian rouble showed the steepest weekly decline so far this year, slumping to a 2010 minimum against the dollar, as a slide in oil prices and global risk aversion sparked a sell-off in Russian assets. (Reporting by Vladimir Soldatkin, editing by Mike Peacock) Keywords: RUSSIA/INFLATION (vladimir.soldatkin@reuters.com, +7 495 775 12 42, Reuters Messaging: vladimir.soldatkin.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.