MOSCOW: The key rate is expected to become lower in the next year if there are no new shocks, Governor of the Bank of Russia Elvira Nabiullina said at the plenary session of the State Duma, the lower house of the Russian parliament.
The Board of Directors of the Central Bank always addresses the situation in regions "when making every decision on the key rate."
Economic shifts
Russia is for the first time in the situation "when almost all resources are utilized in the economy." The national economy currently sees "serious structural shifts," signaled in the first instance by record high investments.
Inflation
The national economy is in the "breaking point" and inflation slowdown can be expected in coming months. "This will be the confirmation that the monetary policy has finally reached required toughness to curb the price hike, with consideration of all circumstances influencing inflation," Nabiullina said. The regulator is also concerned of possible risks of excessive borrowings by majors, she added.
-News Feed
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