Reminder, there is no inflation anywhere
Russia may cut its inflation outlook
The Bank of Russia may cut its 2017 inflation forecast, according to deputy governor Yudaeva.
Russia was hit with a major shock in the freefall in the ruble from 2014-2016 and it's still around 40% lower but sustainable inflation still hasn't emerged.
The central bank expects around 4% inflation next year.
It's not just Russia. Emerging markets that are growing more than 6% don't have an inflation problem. That should tell something to policymakers who are expecting inflation to suddenly shoot higher, just because of 3% growth.