Central Bank governor Elvira Nabiullina said that the transformation of the Russian economy should not occur at the expense of citizens’ incomes. This was reported by TASS.
According to Nabiullina, inflation should not be ignored in order to transform the Russian economy.
“We are carrying out structural restructuring, but we must understand that this should not be at the expense of depreciation of the incomes of citizens, that is, our ordinary people, so we are adjusting monetary policy from this point of view,” Nabiullina said.
Formerly Deputy Governor of the Central Bank Alexey Zabotkin statedAs of October 2, the annual inflation rate in Russia was 5.9 percent.
Previously at Nabiullina International Finance Congress It was proposed to increase amount of insurance compensation for long-term deposits. Nabiullina also believes that banks should pay less contribution to the deposit insurance fund for long-term deposits.
Formerly Central Bank of the Russian Federation Lock rate increased Up to 13%.