Russian central bank head hopes fall in investment is short-lived

by Reuters
Thursday, 27 March 2014 06:28 GMT

MOSCOW, March 27 (Reuters) - Russia's central bank chief, Elvira Nabiullina, said on Thursday she hoped any decrease in investment in the economy would be short-lived and there was no reason to put off a move to inflation targeting.

"The main task, despite geopolitical instability, is to make the country more attractive to investors. And to speed the implementation of an array of reforms," he told a local investment conference.

"We do not intend to change the timing of a move to inflation targeting," she said, referring to a planned start in 2015. (reporting by Oksana Kobzeva, writing by Elizabeth Piper, editing by Steve Gutterman)

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