St. Petersburg, July 6 cycle, while it is premature to speak, said the head of the regulator Elvira Nabiullina.
“We see that pro-inflationary risks prevail over disinflationary ones, and they even increase. Of course, we admit the possibility of raising rates, but will it be one-time, will there be a whole cycle – will depend on the situation that we will analyze,” Nabiullina said at a press conference on Thursday.
She noted that now it is premature to predetermine the decision of the Central Bank.
The next meeting of the Central Bank of the Russian Federation on the rate will be held July 21.