MOSCOW, September 12. /TASS/. The slowdown of the Russian economy is in line with the Central Bank’s expectations, but closer to their lower boundary, Central Bank chief Elvira Nabiullina said at the press conference after the regulator’s Board meeting.
She also noted that the latest data show that raising the key rate works is working, and inflation is declining.
On Friday, the Bank of Russia lowered the key interest rate for the third consecutive time, this time by 1 percentage point, bringing it down to 17% per annum.
TASS has collected key statements of the Governor of the Bank of Russia.
The Central Bank will act carefully when making subsequent decisions on the key rate, "assessing the further adjustment of monetary conditions and the reaction of the markets," Nabiullina said.
