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Nabiullina spoke about a steady slowdown in inflation - EastRussia | Far East

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Nabiullina spoke about a steady slowdown in inflation

Nabiullina spoke about a steady slowdown in inflation
Photo by: kremlin.ru

The head of the Central Bank, Elvira Nabiullina, said that a steady trend has been formed in Russia to slow down inflation. This process is consistent with the Bank of Russia forecast. Reports about it RIA News.

“A steady downward trend in inflation has been formed. This was facilitated by the decisions of the Bank of Russia at the key rate, including its proactive increase in the second half of last year. The peak of inflation was passed in March, and amounted to 5,3%, slightly below our expectations, ”the head of the regulator noted at a press conference. Elvira Nabiullina also noted that she does not exclude a further reduction in interest rates in the near future.

Earlier in the report following the meeting of the Board of Directors of the Central Bank was SpecifiedThat key rate was reduced by 25 percentage points and amounted to 7,5%. In the same document, the Bank of Russia lowered expectations for GDP growth in the 2019 year from 1,2-1,17% to 1,0-1,5%.