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Annual inflation evolves at lower threshold of forecast — Central Bank chief

"The update in July is more likely to be towards lowering the forecast," Elvira Nabiullina said

MOSCOW, June 6. /TASS/. Annual inflation in Russia is evolving along the lower threshold of the forecast of the Bank of Russia, Central Bank chief Elvira Nabiullina said at the press conference.

"Inflation is evolving near the lower threshold of our forecast. We will say more exactly when updating the forecast in July but considering actuals for the first four months and the flash picture we see in this month, the update is more likely to be towards lowering the forecast," she said.

Earlier today, the Bank of Russia lowered the key rate by 100 base points to 20% after keeping it at 21% per annum for a long time.

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