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. Last Updated: 07/27/2016

Zadornov Optimistic




MOSCOW -- The ruble will firm and consumer price growth will soon slow, Russia's special envoy to the International Monetary Fund, Mikhail Zadornov, said Tuesday, Interfax reported.


Zadornov, who was finance minister before his latest appointment, did not give figures.


The ruble has been climbing slowly from its low of 25.12 per dollar in April to 24.33 now.


Consumer prices, which soared to 38.4 percent last September after the ruble's effective devaluation, slowed to 2.2 percent in May due to the tight monetary policy of the Central Bank.