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Russian central bank not expecting double-digit rates, says Nabiullina -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Elvira Nabinullina, Governor at the Russian Central Bank, is seen attending a press conference in Moscow on December 13, 2019. REUTERS/Shamil Zoumatov/File Photograph

MOSCOW, (Reuters) – Russia’s central banks does not believe its interest rates will reach double-digit levels. Governor Elvira Nubullina stated on Thursday that Russia’s central banking did not think so. She spoke ahead of a December 17 rate-setting meeting where the bank is widely anticipated to increase rates by 7.5%.

Nabiullina stated that the central bank did not intend to raise the inflation target by 4% and preferred consistency in its inflation targeting regime.

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