Nabiullina noted the passage of most of the way to achieve inflation of 4%

A significant part of the way to achieve the 4% inflation target has been completed. This was announced by the Chairman of the Central Bank of Russia, Elvira Nabiullina, at a press conference on December 19.

"I can say for sure that we have covered a significant part of the way, but the second part of the distance, as you know, is always harder — any marathon runner knows well," TASS quoted her as saying.

The head of the Central Bank noted that consistently low inflation is "not a departmental task," but a guarantee of balanced economic development. According to Nabiullina, one month of low inflation is not enough in the framework of a long-term movement, and stressed that the regulator pays more attention to three-month inflation.

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On the same day, Russian President Vladimir Putin announced that the Central Bank of the Russian Federation is not only coping with constant pressure, but also acting responsibly. He added that it is necessary to make decisions on inflation targeting in Russia. The President stressed that macroeconomics and microeconomics should be sound, with a solid foundation.

Prior to that, on December 2, Nabiullina reported that the Russian economy had demonstrated adaptation to external shocks, which was facilitated by high business flexibility. According to the head of the Central Bank, the country needs to maintain the financial strength and adaptability of the economy.

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