10 Nov 2022 13:41

Nabiullina when asked whether rate might be left unchanged in Dec says inflation risks currently balanced

MOSCOW. Nov 10 (Interfax) - Disinflationary and proinflationary risks are currently balanced, but the Central Bank of Russia will continue to look at the situation, CBR Governor Elvira Nabiullina told journalists on the sidelines of Finipolis forum.

"There is still time until December, we'll be looking at what factors arise or not appear by that time. At the moment, we believe the short-term disinflationary and proinflationary risks are balanced, and we'll continue to look at the situation going forward," Nabiullina said, when asked whether her recent remarks can be taken as a signal that the key rate will remain unchanged in December.

Nabiullina said at the start of this week that the key rate's current level of 7.5% reflected a balance of disinflationary and proinflationary risks.

The Central Bank board of directors at its meeting in October decided to hold the key rate at 7.5%.

Its next rate-setting meeting is on December 16.