Sergei Ignatyev said annual inflation in 2006 will be about 9%, in line with the national target inflation level.
He said the country's gross domestic product grew by 6.8% in January-October 2006.
Ignatyev said GDP growth in 2005 was 6.4% and was forecast at 6.1% in 2006.
According to the Central Bank head, the real effective appreciation of the ruble will not exceed 9% in 2006.
"The real effective appreciation of the ruble from December 2005 to December 2006 will not exceed 9%, and is likely not to exceed 8.5%," Ignatyev said.
The head of the Central Bank said the ruble will appreciate 4-5% in real terms in 2007 if the price of Russia's Urals crude blend is $61 per barrel.
He said the growth of money supply will total 29% in the first 10 months of the year.
"According to preliminary data, money supply, namely the M2 aggregate, grew 29%," Ignatyev said.
Money supply grew 21.8% in the same period of 2005, Ignatyev said.
