The Russian banking system is absolutely healthy, said Elvira Nabiullina, Governor of the Central Bank of Russia, in her speech at the “Information” community marathon as part of the “Russia” exhibition and forum. TASS.
Nabiullina noted that the banking system is the circulatory system of the economy because it “allows the conversion of savings into loans and investments in general.”
“We had to cancel a lot of licenses and rehabilitate some banks. This caused resistance. But now the banking system is absolutely healthy,” said the head of the Central Bank of the Russian Federation.
Before that, Elvira Nabiullina was head of the Central Bank of the Russian Federation have It has effective tools to reduce the rate of price growth and is ready to increase the rate with “concrete steps” to return inflation to its 4% target.
The Central Bank of Russia also increased its 2023 inflation forecast from 6-7 percent to 7-7.5 percent, and set the 2024 forecast range as 4-4.5 percent instead of the previously expected 4 percent.
Previously at the Central Bank of the Russian Federation stated To overcome the peak of inflation in the country.