The head of the Bank of Russia, Elvira Nabiullina, announced that the Central Bank's key rate may increase in October.
As the expert explained, the regulator intends to achieve an inflation rate of 4 percent in 2025.
Nabiullina noted: "In September, the key rate was 19 percent. It is possible that it will be raised in October," as reported by TASS .
The head of the Bank of Russia made this information public at the International Banking Forum.
Economic changes
The day before, it was reported that the Central Bank is seeking to reduce inflation in 2025.
Accordingly, the regulator argued, monetary conditions should be tighter next year to make it possible to achieve this goal.
In mid-September of this year, the Central Bank expressed its intention to raise the key rate by 100 basis points. Ultimately, it amounted to 19 percent.
At the same time, the regulator emphasized that inflationary pressure is significant. Inflation, in turn, exceeds the forecasts that were voiced in July.
