The Bank of Russia raised the key rate. The state of the domestic economy was appreciated by the head of the Central Bank of the Russian Federation Elvira Nabiullina.
The inflation forecast for the current year is raised to 6.5–7.0%, the correspondent of The Moscow Post reports with reference to Head of the Central Bank of the Russian Federation Elvir Nabiullina.
She added that these numbers take into account high accumulated inflation in the first half of the year and suggest its significant slowdown in the second half of the year due to a strict monetary policy.
It is assumed that already in the coming year, inflation may drop to 4.0–4.5% and will be fixed near 4% in the future.
The head of the Central Bank believes that the domestic economy is still in a state of significant overheating.
Recall that recently the Bank of Russia decided to increase the key rate to 18.00% per annum. The next solution at the key rate will be in early autumn.
Recently a regulator declaredthat there is an accelerated growth of the economy.
