The Bank of Russia has admitted the possibility of a further increase in the key rate | Economy | Money

The Central Bank of Russia admits the possibility of a further increase in the key rate at the next meetings of the Board of Directors.

This was stated, according to the Tass news agency, by the president of the Central Bank Elvira Nabiullina.

According to her, the regulator will rely on how the incoming data will be reflected in the assessment of the evolution of the situation and the balance of risks to reach the inflation target close to 4% next year.

To clarify, on Friday the Bank of the Russian Federation raised its key rate to 8.5% a year for the first time since September, noting an increase in inflationary pressure.