Nabiullina allowed the end of the high key rate period

The Central Bank of Russia expects that the period of high key interest rates will not be endless. 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.

"We still expect that the period of high key interest rates, although we say it will be a long time, but it will not be endless," she said.

Nabiullina added that the weekly data suggest that the slowdown in inflation in the Russian Federation does not stop. 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%.

Delayed impact: inflation will start to decrease only by autumn

Why are experts not as positive as the Central Bank in its last review before the "week of silence"?

On April 3, the head of the Central Bank of the Russian Federation announced that an untimely reduction in the key rate with high inflation could have serious consequences. She added that inflation in the country will continue to decline in the coming months and "will return to normal by the end of this year."

Yesterday, Alexey Zabotkin, deputy chairman of the regulator, said that the Central Bank of the Russian Federation does not rule out that in case of insufficient reduction in inflation, an additional increase in the key rate may be required.

Prior to that, 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.