According to her, the “braking distance” of the return of inflation will take the next year.
The head of the Central Bank Elvira Nabiullina said that the regulator is confident in the growth of the potential of the Russian economy in 2025, the correspondent of The Moscow Post reports.
She emphasized that the key rate remains an effective tool for containing inflation. Thanks to its regulation, this year it was possible to avoid the development of the inflation spiral in the economy.
So far, inflation does not demonstrate slowdown. This year, its level will remain higher than in the following. But the achievement of our goal will take not only the whole 2025, but also affect the 2026th, explained Nabiullina.
In addition, she recalled that since 2022, the Central Bank adhered to a soft monetary policy to help restore the economy. However, then inflation became caused by other factors associated with overheating of consumer demand.
According to the head of the Central Bank, after several years of high inflation, the regulator will have to determine whether current measures are enough within the framework of a strict monetary policy to return inflation to target values.
