Nabiullina stated the need to maintain a tight PREP to reduce inflation

To reduce inflation in Russia, it is necessary to maintain a tight monetary policy for a long time . This was announced on April 25 by the head of the Central Bank of the Russian Federation, Elvira Nabiullina.

"To reduce inflation, we need to maintain tight monetary conditions for a long time. And our further decisions will depend on how quickly and steadily inflation slows down," Nabiullina said at a meeting of the Board of Directors of the Bank of Russia on the key interest rate.

According to her, the regulator expects that inflation will continue to decline and fall to the target level of 4% in 2026.

Nabiullina said that the current rate of price growth has slowed to 7% in annual terms. The head of the Central Bank stressed that the regulator proceeds from the scenario of further weakening of price pressure, but "at the same time, risks remain."

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On April 15, Russian President Vladimir Putin announced an improvement in the inflation situation in Russia. He noted that the Central Bank, the economic bloc, and the government believe that if it is not reduced, then the entire economy and Russian citizens will suffer.