To reduce inflation, a long-term tight monetary policy (TPP) is needed. This was stated by the Central Bank of Russia. TASS.
“In general, inflation pressure has not yet shown a sustained decline. To make the disinflation process sustainable, tight monetary conditions need to be maintained for longer than anticipated in April,” he said.
The regulator reported that consumer prices in Russia increased by 0.64% in June 2024. According to the Central Bank, monthly price growth on an annual basis decreased to 9.3%. At the same time, annual inflation increased to 8.59%, according to the Central Bank’s forecast, while in May it was 8.3%.
Before this, experts accepted This year the key rate is set to rise to 20 percent.
July 15, the head of the Russian bank VTB accepted We are increasing the interest rate to 18 percent.
Previously Accounts Room in the name Reasons for the lack of investment in Russia.