“We intend to pursue the policy that will bring inflation back to the target, to 4%.

We expect that this will happen by the end of next year, "RIA Novosti quotes Nabiullina.

Earlier, the press secretary of the Russian President Dmitry Peskov said that reducing inflation to 4% is a priority for Russian leader Vladimir Putin and the government. 

Director of the Monetary Policy Department of the Bank of Russia Kirill Tremasov, speaking at the Moscow Exchange forum, spoke about the possibility of inflationary trends turning down.