Moody's: Russian economy will grow by 1.5% in next two years

Baku. 30 August. REPORT.AZ/ Moody's international rating agency forecasts 1.5% growth in Russian economy in 2017-2018 years.

Report informs citing TASS, Moody's analytical review report says.

According to the report, annual inflation in Russia is forecasted to make 3,8% at the end of 2017 and 4% in 2018. In addition, analysts of the Agency assume that the Russian Bank (Central Bank) will conduct a soft monetary policy by the end of 2018.

Also, it was noted that decrease in inflation in Brazil, India, Russia and the South African Republic has led to the monetary policy keeping a supporting position in line with the conditions.