Central Bank Governor announces key rate plans
Bank of Russia Governor Elvira Nabiullina addressed a State Duma committee meeting and outlined the domestic economic development scenario, frozen assets, and plans for the key rate. RIA Novosti reported this.
Nabullina emphasized that the economic situation is developing according to a carefully planned course. According to her, all indications are that "the economy is following a scenario of a controlled recovery from overheated demand."
Among other essential statements by the Central Bank governor are the following: the key rate reduction cycle will span the entire next year; all other things being equal, without the VAT increase, high rates in the economy would have to be maintained longer; the VAT increase will help better balance the budget in the medium term; Russians' inflation expectations may remain high in the near future due to the rise in VAT, recycling fees, and gasoline prices; half of Russian investors' frozen assets have already been unfrozen since 2022, and work on this is ongoing.
www.bashinform.ru
© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.
All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.
When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.