"The return of inflation to 4% is a condition for economic growth to be not a one-time, albeit an impressive leap, but to last for many years. The main thing is that it leads to an increase in the welfare of our citizens, because the ultimate goal of our joint work with you is precisely this," the head of the regulator said addressing the deputies.
Photo: ru.freepik.com
Nabiullina believes that the current monetary policy will reduce the inflation rate to 4.5-5% by the end of 2025, however, in the absence of additional external shocks.
It should be noted that the Central Bank raised the key rate at the last three meetings. Since July 2024, it has been increased from 16% to 21% per annum. We told you more about the latest rate increase here.
