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Sustained high inflation could undermine cenbank credibility, Russia’s Nabiullina says -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Elvira Nubullina, Governor, Russian Central Bank talks during an interview at Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters), Elvira Nabullina, Governor of Russian Central Bank said Thursday that if inflation continues to rise for too long it could damage the credibility of the bank. This was before the Dec. 17 rate-setting meeting.

Nabiullina, speaking at the Reuters Next conference said that it was a dangerous policy mistake to underestimate inflation risks.

To watch the Reuters  Next conference please register here https://reutersevents.com/events/next/

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