The Central Bank noted the ability of the Russian banking system to adapt to any challenges
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- The Central Bank noted the ability of the Russian banking system to adapt to any challenges
The Russian banking system has proven its ability to adapt to any conditions, including in situations where lending is experiencing capital problems. This was announced on May 22, speaking at the congress of the Association of Banks of Russia, by the head of the Central Bank of the Russian Federation, Elvira Nabiullina.
"I think you will all agree that the banking system has already proven its ability to adapt to any difficult circumstances, to any challenges. And we see that the banking system, by the way, is restoring capital and increasing capital," she said.
Nabiullina added that despite the difficulties with the lending sector, it has begun to improve in recent months, and has shown steady growth, albeit small. According to her, the capital, which is the basis of the credit sector, has begun to be replenished by banks at the expense of profits.
Igor Rastorguev, a leading analyst at AMarkets, told Izvestia on May 18 that the slowdown in inflation in Russia to 5.5% should not yet be perceived as a stable long-term trend. The current dynamics are largely related to the tight monetary policy of the Bank of Russia and lower producer prices, but inflationary pressures may increase as early as the second half of 2026.
On the same day, Maxim Reshetnikov, the head of the Ministry of Economic Development, said that inflation in Russia continues to slow down. According to him, this creates conditions for easing monetary policy. As of May 12, annual inflation dropped to 5.5%, which is lower than at the end of last year. The Ministry of Economic Development predicts that by the end of the year, inflation will slow down to 5.2%.
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