Anatoly Aksakov, Chairman of the Committee of the State Duma of the Russian Federation on financial markets, said that if inflation in the country increases, the Central Bank of Russia (CB) will decide to increase the key interest rate. This has been reported URA.ru.
In his opinion, the indicator of 100 rubles per dollar is psychological, it does not affect the mood of people or businesses, which in turn affects the market situation, the pressure on the ruble is increasing.
“So the target of 100 rubles will also be kept in mind. But that’s not the point. The important thing is inflation and the effect of the ruble exchange rate on inflation.
He emphasized that the Central Bank will be stopped if the depreciation of the ruble occurs, but this will be associated with inflation. This is how the regulator plans to influence inflationary processes in Russia.
Prior to that, Elvira Nabiullina, head of the Central Bank of the Russian Federation stated On the possibility of a rate hike at the meeting on September 15.
Nabiullina explained that the Central Bank can only lower the interest rate if inflation falls. The Central Bank of Russia will take into account various September data when deciding on the interest rate.
Previously, the Central Bank of the Russian Federation harshly raised up to 12% key rate in an unscheduled meeting.