The Central Bank spoke about the slowdown in inflation

The weekly data suggest that the slowdown in inflation in the Russian Federation does not stop. This was announced on April 8 by the head of the Central Bank of the Russian Federation, Elvira Nabiullina, at a meeting with the Communist Party faction in the State Duma.

"The figure for March will be released tomorrow, but the weekly data suggest that the slowdown is at least not stopping," she said.

According to the head of the Central Bank, if we consider the monthly growth rate, inflation is already showing a decrease. It is specified that in December this indicator was at the level of about 14%, in January it fell below 11%, and in February it was less than 8%.

In addition, Nabiullina said that the Central Bank expects that the period of high key interest rates will be long, but "not endless."

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In March, the record rate of 21% was maintained, but the Bank of Russia has already cautiously noted positive developments.

On March 21, the Central Bank kept the key rate at 21% per annum. The regulator said that if the dynamics of disinflation does not ensure the achievement of the goal, the Central Bank will consider raising the key rate.