Nabiullina: the deflationary decline in prices in Russia can not be afraid

Head of the Central Bank Elvira Nabiullina said that Russia in the coming years should not fear deflation, i.e. lower prices.


“The risk of further deflation do not see because we do not have deflation for a very long time, — quotes words of the head of the Central Bank TASS. — Month decline in prices is not deflation. Usually called deflation a decrease in prices in annual terms. We have not, we do not see any risks to see deflation in the coming years.”

While the Central Bank has adjusted the forecast for annual inflation: it must not be scheduled earlier than 4%, and 3.5% to 3.8%.the goal to keep inflation around 4% Nabiullina called constant.

In case, if inflation falls, the Central Bank, according to its Director, will take measures to improve it, although now you need to do there and see.

We will remind that today the Central Bank lowered its key interest rate to 8.5%.

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