The regulator spoke about their expectations on this issue.
Deputy Chairman of the Bank of Russia Alexei Zabotkin said that the Central Bank has not yet observed a steady decrease in inflation in the country, the correspondent of The Moscow Post reports.
According to him, the regulator expects that at the end of the year inflation will be near the upper boundary of the predictable range.
As one of the factors in prices in the Bank of Russia is the weakening of the ruble, but there they do not agree with the proposal to conduct active currency interventions to stabilize the national currency.
To the question of journalists about the position of the Central Bank about the idea of replacing the key rate on active intervention in the foreign exchange market, Zabotkin replied: “We do not support this point of view.”
According to the forecasts of the Central Bank, the inflation rate in 2024 will be 8.0–8.5%, which is close to the upper border of expectations. On November 25, the Ministry of Economics estimated the annual inflation rate of 8.78%.
Earlier, Dmitry Pyanov, Deputy President, Chairman of the Board of VTB, proposed to stabilize the ruble to stabilize the ruble to stabilize the exchange rate in his column for RBC.
He noted that this could have a lesser impact on the cooling of the economy and help to quickly return inflation to target indicators, given that the weakening of the ruble accelerates the increase in prices.
