The Bank of Russia has taken a pause in raising the key rate - Nabiullina

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15:26; 20 December 2024 year
cbr.ru

© cbr.ru

At a meeting on December 20, the Bank of Russia made decisions that will help reduce inflation in the country in the coming quarters, said the head of the Central Bank of the Russian Federation Elvira Nabiullina at a press conference.

She said that it was decided to keep the key rate at 21% per annum, as tight monetary conditions have formed in the economy, which should ensure a slowdown in inflation in the coming quarters.

Nabiullina also stressed that the Bank of Russia has taken a pause in raising the key rate, but it will take a long period of tight monetary policy to return inflation to the target.