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The Central Bank of Russia pointed to independent decisions on PREP and consideration of business opinions

Nabiullina: The Central Bank of the Russian Federation makes its own decisions on PREP, but takes into account the opinion of business
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The Central Bank of the Russian Federation independently makes decisions on monetary policy, but takes into account the opinion of business in its decisions. This was announced on May 20 by the Chairman of the Bank of Russia, Elvira Nabiullina.

"Indeed, we make our own decisions on monetary policy, but the opinion of business is very important to us, and the opinion of business is essential both in assessing the current situation and in meeting expectations," she said at the Alfa Summit.

She stressed that her deputies also hold meetings with representatives of companies. According to Nabiullina, it is important for the regulator to understand how the business feels in the whole country, so meetings are organized in the Russian regions.

The Chairman of the Central Bank of Russia clarified that at the moment there are industries in which there is a weakening of the conjuncture, there are areas with stabilized demand and active growth. Nabiullina assessed the condition of most enterprises as stable, but noted that problematic organizations also exist.

The day before, Russian Finance Minister Anton Siluanov said that the Bank of Russia has many opportunities for decisions on PREP. In addition, he recalled that the next meeting of the regulator will be held in June.

Nabiullina said on April 25 that in order to reduce inflation in Russia, it is necessary to maintain a tight monetary policy for a long time. According to her, the regulator expects that inflation will continue to decline and fall to the target level of 4% in 2026.

Переведено сервисом «Яндекс Переводчик»

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