Nabiullina: The period of high key interest rates will not be endless

10:48; 08 April 2025 year

The period of high key interest rates "will not be endless," at least, the Central Bank is counting on it. But for now, the key rate will remain at a high level. This was stated by the head of the regulator, Elvira Nabiullina, during a meeting with representatives of the Communist Party faction in the State Duma.

"We still expect that the period of high key interest rates, although we say it will be a long time, will not be endless," the head of the Central Bank clarified.> According to Nabiullina, without an increase in the key rate, inflation would be felt more strongly by both citizens and businesses on their wallets and costs than it is now.

"Inflation, not rising interest rates, eats up salaries and pensions," she said.

At the same time, she noted that if you look at the monthly rates, inflation is decreasing, which suggests that the slowdown in inflation, at least, does not stop.".

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