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Russian Central Bank Governor: No Consideration of Raising Inflation Target
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Russian Central Bank Governor Elvira Nabiullina stated that the central bank is not considering raising its inflation target. The statement was reported by tradealpha. This direct comment from the head of Russia's monetary authority indicates a firm commitment to the current inflation target framework, despite ongoing economic pressures. The remark provides clarity on the central bank's policy stance, suggesting that any future monetary policy adjustments will be aimed at achieving the existing target rather than revising it upward. The statement comes amid a complex economic environment for Russia, including Western sanctions and domestic inflationary pressures. The central bank's adherence to its inflation target is a key signal for market participants and economic observers monitoring Russia's monetary policy direction.
Source report
Moscow – Russian Central Bank Governor Elvira Nabiullina stated that the bank is not currently considering an increase to the inflation target.
"We are not considering raising the inflation target," Nabiullina said.
The statement reaffirms the central bank's commitment to its existing inflation target, though no further details on the current target or policy outlook were provided.
Source
thsNeutral / independent