OREANDA-NEWS The decline in inflation in Russia is occurring at a faster rate than anticipated by the Central Bank, according to the head of the institution, Elvira Nabiullina.

"We are witnessing a deceleration in inflation, a deceleration that is happening more quickly than we had anticipated. However, the inflation rate remains above the target both in terms of the annual rate and the current pace," she stated during the Financial Congress of the Bank of Russia.