Central Bank Reveals Maximum Interest Rate for 2026
24 October 13:52
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The expected tax increase will lead to a one-time price hike in the short term, but in the medium term it will contribute to a reduction in inflation. This opinion was expressed by the head of the Central Bank of Russia, Elvira Nabiullina, during a press conference following the meeting of the Board of Directors on the key interest rate.
"The expected tax increase will help reduce inflation in the medium term, but in the short term it will result in a one-time increase in prices," noted the head of the regulator.