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Bank of Russia projects 2006 inflation at 8.5%

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MOSCOW, August 25 (RIA Novosti) - Russia's Central Bank said Friday it will maintain the inflation forecast for 2006 at 8.5% and the ruble appreciation rate at 9%.

"We decided to keep the inflation forecast at 8.5% and the ruble appreciation rate at 9%," Alexey Ulyukayev, the bank's first deputy chairman, said at a news conference.

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