Investments of NWF resources can influence on midterm inflation dynamics, Central Bank says

TASS Russian News Agency | Jun 14, 2019 at 10:59 AM


MOSCOW, June 14. /TASS/. Investing resources of the National Wealth Fund (NWF) after reaching the 7% GDP threshold can influence on inflation dynamics, the Bank of Russia said after its Board meeting on Friday.

"The mid-term inflation dynamics may be affected by fiscal policy parameters, including decisions on the use of the liquid part of the National Wealth Fund in excess of the threshold level set at 7% of GDP," the regulator said.

The National Wealth Fund amounted to 3.82 trillion rubles ($59.4 bln) as of June 1, 2019.