FILE PHOTO: Elvira Nabiullina, Governor of Russian Central Bank, attends a news conference in Moscow, Russia December 13, 2019. REUTERS/Shamil Zhumatov/File Photo
December 2, 2021
MOSCOW (Reuters) – Russia’s central bank does not expect its interest rates to reach double-digit levels, Governor Elvira Nabiullina said on Thursday, ahead of a Dec. 17 rate-setting meeting at which the bank is widely expected to raise rates from 7.5%.
In an interview at the Reuters Next conference, Nabiullina said the central bank was not considering raising the inflation target from 4%, preferring consistency in its inflation-targeting regime.
To watch the Reuters Next conference please register here https://reutersevents.com/events/next/
(Reporting by Katya Golubkova; Writing by Alexander Marrow and Andrey Ostroukh; Editing by Catherine Evans)
Source: One America News Network
