Russia's Oreshkin about ruble exchange rate in 2018

 Russia's Oreshkin about ruble exchange rate in 2018

Russian Economy Development Minister Maxim Oreshkin said that the real ruble exchange rate next year will not deviate significantly from the current rates.

He noted that Russia's inflation could fall lower than the central bank's target of 4% in 2018, Interfax reported.

Oreshkin also said annual inflation, which hit a fresh post-Soviet low of 2.5% in November, would not decline further in coming months.

The Russian central bank is expected to lower its key interest rate to 8% on Friday as part of its plan to tame inflation, which was stubbornly high at nearly 17% less than three years ago

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