UK markets close in 4 hours 19 minutes
  • FTSE 100

    7,143.70
    +118.23 (+1.68%)
     
  • FTSE 250

    18,570.70
    +255.39 (+1.39%)
     
  • AIM

    871.82
    +4.36 (+0.50%)
     
  • GBP/EUR

    1.1691
    +0.0053 (+0.46%)
     
  • GBP/USD

    1.1920
    -0.0032 (-0.27%)
     
  • BTC-GBP

    16,879.89
    +224.25 (+1.35%)
     
  • CMC Crypto 200

    436.21
    -3.81 (-0.87%)
     
  • S&P 500

    3,831.39
    +6.06 (+0.16%)
     
  • DOW

    30,967.82
    -129.44 (-0.42%)
     
  • CRUDE OIL

    100.04
    +0.54 (+0.54%)
     
  • GOLD FUTURES

    1,760.80
    -3.10 (-0.18%)
     
  • NIKKEI 225

    26,107.65
    -315.82 (-1.20%)
     
  • HANG SENG

    21,586.66
    -266.41 (-1.22%)
     
  • DAX

    12,576.44
    +175.24 (+1.41%)
     
  • CAC 40

    5,884.03
    +89.07 (+1.54%)
     

Russia's inflation may be close to 14% in 2022, central bank head says

FILE PHOTO: National flag flies over the Russian Central Bank headquarters in Moscow

(Reuters) - Russia's inflation rate may come in close to 14% in 2022, the central bank governor said on Thursday.

Elvira Nabiullina said the pace of price rises, which surged in March following the imposition of Western sanctions, had fallen faster than the central bank's initial expectations.

Speaking at Russia's flagship annual economic forum in St. Petersburg, she added that Russia's economic contraction for 2022 would also be softer than initially feared.

(Reporting by Reuters; Editing by Frank Jack Daniel)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting