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Tuesday, October 25, 2016

Nabiullina said that the situation in the economy develops better than expected

The head of the CBR Elvira Nabiullina said on Friday that the situation in the Russian economy normalizes and the current dynamics of the economy and inflation is shaping up better than was expected by experts of the regulator.

Read the material: of the Central Bank for the first time in 10 months cut the key rate

She expressed confidence that the Bank of Russia to reduce inflation to 4% in 2017, even when the increase in inflation risks. In addition, next year will be a transition of the banking sector to the structural surplus liquidity. However, she admitted that in June temporarily the rate of inflation may exceed 7% per annum.

In addition, the head of the Bank of Russia reported that in the short term does not expect a pronounced effect of the exchange rate on inflation.

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