The Central Bank spoke about tightening monetary policy.
According to the Deputy Chairman of the Central Bank, the current inflation suggests that the regulator should have resorted to such steps much earlier.
Alexey Zabotkin expressed this opinion during a meeting of the State Duma working group on the financial market, RIA Novosti reports.
The Deputy Chairman of the Central Bank said that the current situation is the result of actions taken last fall.
Since inflation has not settled at 4%, as previously predicted, this points to mistakes made by the Central Bank last year.
Therefore, it was necessary to tighten monetary policy much earlier in order to achieve the desired results.
Zabotkin was asked about raising the key rate, and he did not rule out that a corresponding decision could be made during the regulator's next meeting. The meeting mentioned by the Central Bank representative will take place this month.
