MOSCOW, Jul 5 (PRIME) – Russians’ inflationary expectations remain high and unanchored, Central Bank Chairwoman Elvira Nabiullina told channel Rossiya 24 in an interview broadcast on Friday.
“We are more tolerant to inflation below our target than the one above our target,” Nabiullina said.
“This is primarily connected with the patterns of inflation expectations, they are still quite high and not anchored. A long history of low inflation is needed to anchor them.”
In June, inflation expectations for the next 12 months rose by 0.1 percentage point to 9.4%.
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