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12/5/2021, 2:17 PM (Source: TeleTrader)
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VTB chief says 8% may be Russian inflation ceiling

VTB Bank President Andrey Kostin (pictured right) said on Sunday that Russia's inflation may peak at 8%.

Responding to a question from Russia-1 reporter Pavel Zarubin, Kostin said "if we get inflation in the region of 8%, this may be a ceiling. I don’t think we will crawl to the double-digit figure."

The Kremlin has recently expressed concerns about rising inflation.

Baha Breaking the News (BBN) / IB