JRL NEWSWATCH: “Russian inflation, growth to remain low in 2019 says World Bank” – bne Intellinews

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“Russian inflation is in focus for 2019 as prices began to rise at the end of 2018 and ended the year slightly above the Central Bank of Russia (CBR) target rate of 4%. … the World Bank says that inflation will remain low this year and growth will be 1.5%, the same as in 2018 …. The U.S. government has threatened to impose ‘crushing’ sanctions on Russia … to be considered in the first quarter. The CBR is already in defensive mode, anticipating severe sanctions with pre-emptive rate hikes in September and December …. Russian oil production rose to a post-Soviet record high of 11.16mn barrels per day (bpd) last year on an annual average basis … [according to] its energy ministry ….”

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