Elvira Nabiullina, head of Russia’s Central Bank, said the regulator was not trying to push inflation “at all costs” to its 4% target. She said this in a meeting with representatives of the New People party in the State Duma, she said. TASS.
“We are not currently trying to push inflation to the 4 percent target at all costs,” the central bank governor said.
According to him, the regulator expects inflation to be around 5-7% in 2023. At the same time, it will be able to reach its target of 4% in 2024.
formerly Nabiullina statedAdditional easing is not expected within the framework of currency restrictions, but some “adjustments” are possible. He noted that the Central Bank believes the system has more or less stabilized.
April 12 Nabiullina statedthat at present the Russian financial market has not developed the conditions for a complete rejection of foreign exchange control by regulatory authorities. This method of blocking the domestic market should protect the Russian Federation from the excessive pressure that arose after the introduction of international sanctions.