The head of the Central Bank of Russia, Elvira Nabiullina, at a press conference today, Friday, revealed the risks that could lead to a deviation of inflation in Russia from basic expectations.
The head of the Central Bank of the Russian Federation said at a meeting after the meeting of the Board of Directors of the Central Bank of the Russian Federation that the risks include a rapid drop in consumption, a shortage of workers, a difference between labor productivity growth and wage growth, and tougher sanctions.
The official hinted at the possibility of reducing the interest rate of the Central Bank of Russia in 2023, and the head of the Central Bank of Russia said that the regulator does not exclude the possibility of reducing the main rate in 2023.
Earlier, the Central Bank of Russia at a meeting of the Board of Directors today, on Friday, decided to keep the interest rate at the current level at 7.5% per annum.
This decision coincided with the expectations of experts and analysts who indicated that the RF Central Bank would keep the interest rate at the current level.
Source: News