If the economy continues to overheat, inflation in Russia will accelerate, Russian Central Bank Deputy Chairman Alexey Zabotkin told reporters about this. TASS.
“The key rate is the main and most effective tool for influencing inflation. We take into account the fact that the share of the economy that is less sensitive to monetary policy is increasing,” he said.
The Central Bank of Russia sees the need to maintain tight monetary policy for longer than expected a year ago, the regulator’s deputy chairman stressed.
Before that, the Bank of Russia accepted the possibility of a global financial crisis. The Central Bank announced the outline of the main directions of monetary policy for 2025-2027, which offers four possible scenarios for economic development.
Last week it became known how much Russians’ real income is may decrease 2-3% in 2024 and 1-2% in 2025.
Previously the Central Bank set The timing of reducing overheating in the Russian economy.