TASS01.07.2026Business1 dk okumaRussia
Bank of Russia Not a Supporter of High Interest Rates, Says Nabiullina
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- Central Bank chief Elvira Nabiullina stated at the Financial Congress in St.
- Petersburg that the Bank of Russia does not favor high interest rates, emphasizing the need for affordable loans and fair competition, while urging caution on the term "economic cooldown."
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Warum es wichtig ist
Elvira Nabiullina, head of the Bank of Russia, spoke at the Financial Congress in St. Petersburg, addressing the central bank's stance on interest rates and economic conditions.
Schriftgröße
ST. PETERSBURG, July 1. /TASS/. The Bank of Russia is not a supporter of high interest rates, Central Bank chief Elvira Nabiullina said at the Financial Congress.
"We are not the fans of high rates. The loan should be affordable. Fair competition conditions should also be there but this is a not an issue of the key rate, it is an issue of inflation," she said.
Nabiullina also urged to exercise caution when using the notion of economic "cooldown."
Offene Fragen
- When might the Bank of Russia adjust its key rate?
- What specific measures will ensure fair competition in lending?
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This article was originally published by TASS.
