The Central Bank of Russia aims to achieve inflation of 4% and does not intend to make any discounts.
The head of the Central Bank, Elvira Nabiullina, stated that there will be no relaxation in this process.
High inflation is beneficial only to some businesses that seek to maintain high profits, RIA Novosti writes.
According to the head of the Central Bank, high inflation creates uncertainty for most companies.
Nabiullina noted that high inflation is characterized by unpredictability. Therefore, the Central Bank does not intend to change the target of 4%.
To ensure price stability in Russia, a level of 4% is optimal.
The Central Bank stated that the stability of the economy depends on inflation control.
The Central Bank will continue to adhere to its strategy in the future and does not intend to make any discounts once the 4% target is reached.
