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The Russian central bank sees no need to review targets for inflation or real rouble appreciation, the country's Interfax news agency quoted a top bank official as saying on Wednesday.
Analysts have said Russia could struggle to keep 2004 inflation within its 10 percent target at the same time as holding real rouble appreciation at no more than seven percent.
"I see no real reasons for us to review these targets. It would be better to speak of possible inflation rates at the end of October, and as far as the rouble's appreciation is concerned, we are still within stated targets," Bank Deputy Chairman Konstantin Korishchenko told Interfax.
He also fired a warning shot at the foreign exchange market, saying it was "psychologically prepared" for the rouble to firm.
"We can tell this by the market's behaviour. But we prefer it when various tendencies are at play, so we can avoid discrepancies either way," Korishchenko said.
The bank is trying cap rouble appreciation to keep exports competitive but Russia's booming current account, fuelled by oil dollars, puts upward pressure on the rouble.
Real rouble appreciation against a basket of currencies was 5.4 percent for the first eight months of the year. Prices have risen by 7.6 percent in the same period.

Copyright Reuters, 2004

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