Russia’s Central Bank Governor, Elvira Nabiullina, has allowed a key rate hike amid rising pro-inflationary risks. She announced this at a press conference, she said. DEA News.
According to him, both a one-time rate increase and a whole cycle are possible, it will depend on the situation.
He noted that at the moment it is too early to predetermine the Central Bank’s decision.
Ksenia Yudaeva, Former Deputy Governor of the Central Bank statedThe Central Bank said that it does not see the risk of annual inflation going beyond the 4.5-6.5% forecast for the end of 2023.
At the same time, he noted that the regulator will revise its forecast. It now assumes annual inflation will be in the 4.5-6.5 percent range this year and return to its 4 percent target next year.
Finance Minister Anton Siluanov said there was a slowdown in price growth compared to last year’s figures. He and Rosstat gave an annual inflation forecast of 3.2%. In May, the indicator was 2.51%, in April it was 2.31%.
former Central Bank declaration about a possible increase in key rate.