Chairwoman: Central bank can do without key rate hike so far
ST. PETERSBURG, Jun 7 (PRIME) -- RussiaТs central bank can so far do without raising the key rate, and its slower decline is possible, Chairwoman Elvira Nabiullina said at a congress on Thursday.
УDespite the rate reductions that have taken place, our policy remains moderately tight, thatТs why we have some room Ц we can so far do without increasing the rate. We can lower the rate at a slower pace if necessary. But we do not see such risks of a rate hike so far,Ф she said.
In late April, the regulator kept the key rate unchanged at 7.25%, while the next meeting on the issue is scheduled for June 15.