MOSCOW, October 24. /TASS/. Inflation in the coming quarters will be affected by new factors that have emerged in recent months. The economy needs time to adjust to them, so sustainably achieving the inflation target will require a higher key rate trajectory than previously expected, Bank of Russia Governor Elvira Nabiullina said at a press conference following the regulator's board meeting. She also noted that it is unlikely anyone can predict the exact impact of new sanctions.
TASS has collected key statements of the Governor of the Bank of Russia.
"With the current balance of factors, sustainably achieving the inflation target will require a higher key rate trajectory than previously expected," the regulator’s Governor said.
The Central Bank is not ruling out either further reductions of the key rate or maintaining it at its upcoming meetings.
"A decision on the next rate cut will require additional evidence confirming that further progress can be made without the risk of persistent inflation rising above the target level in 2026."
