Date: 2 months ago   Category: Finance

The head of the Central Bank has urged not to be afraid of increase in a key interest rate — Rambler News Service


The head of the Central Bank has urged not to be afraid of increase in a key interest rate
Photo: RIA News/Ekaterina Lyzlova Shouldn't be afraid of some increase in a key interest rate of the Central Bank, quick reaction of the Bank of Russia limits growth of inflationary risks on the future and creates conditions for monetary policy mitigation in the future, the head of the Bank of Russia Elvira Nabiullina has said. "You shouldn't be afraid of such steps of monetary policy as some increase in a key interest rate because quick reaction of the Bank of Russia limits growth of inflationary risks on the future and creates conditions for monetary policy mitigation, according to us at the end of 2019 beginning of 2029. Kind of paradoxically it didn't sound, but more expeditious increase in a rate reduces probability of her more substantial increase in the future", - she has said. She has also noted that, despite increase in a key interest rate in September, she remained is close to neutral range. "In circumstances of the increased uncertainty the bank of Russia will consider expediency of further increase in a key interest rate, to estimate dynamics of economy, inflation, concerning the forecast and also risks from external conditions and reaction to them of the financial markets", - Nabiullina has added. In September the board of directors of the Bank of Russia for the first time since 2014 has raised a key interest rate. Increase has made 0,25 items, now the level of a key interest rate is 7,5%.

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