Latest News

Russia needs to keep monetary policy tight, cenbank says

Economy45 minutes ago (Nov 29, 2021 11:52)

© Reuters. FILE PHOTO: Elvira Nabiullina, Governor of Russian Central Bank, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina

MOSCOW (Reuters) – Russia’s central bank needs to maintain tight monetary policy in order to bring inflation down to its target of 4%, Governor Elvira Nabiullina said on Monday, ahead of the final rate-setting meeting of the year next month.

The central bank is widely expected to raise its key interest rate from 7.5% at its Dec. 17 meeting to rein in inflation, which spiked above 8% and shows little sign of slowing.

“Today inflation is really concerning us. It is twice as high as our 4% target,” Nabiullina said.

Russia needs to keep monetary policy tight, cenbank says

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

German inflation to jump beyond 5% in November, states data suggest

Previous article

Hong Kong seeks arrest of two activists accused of inciting blank votes at election

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News