Nabiullina announced that the price growth rate was approaching the target value

The current rate of price growth has approached the target level of 4%, but it is necessary to consolidate this trend. This was announced on Friday, July 25, by the head of the Central Bank of Russia, Elvira Nabiullina.

"The current rate of price growth in these months has approached 4% in annual terms. Most indicators of stable inflation have also decreased to 4-6%," she said at a press conference following the Central Bank meeting.

The head of the Central Bank stressed that tight monetary policy is at the heart of slowing inflation and returning the economy to a more balanced growth. According to her, it is important to maintain the necessary rigidity of measures for a long time to ensure a steady return of inflation to low levels. She also added that the Central Bank should act cautiously when making subsequent decisions.

Waiting for the key: the dynamics of the ruble exchange rate will be determined by the outcome of the Central Bank meeting

Most experts predict a rate of no more than 80 rubles per dollar, even taking into account the reduction in the key rate

On the same day, the Central Bank of the Russian Federation lowered its key rate to 18% per annum. It was noted that further decisions on the key rate will be made depending on the sustainability of the slowdown in inflation and the dynamics of inflation expectations. According to the forecast, annual inflation will decrease to 6-7% this year, and in 2026 it will return to 4%.

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