6 Jul 2023 18:33

CBR to consider all factors when making rate decision, including increasing pro-inflationary risks

ST. PETERSBURG. July 6 (Interfax) - Central Bank Governor Elvira Nabiullina notes the increase in pro-inflationary risks since the last meeting of the Board, and this, among other factors, will be taken under consideration at the next meeting.

"Indeed, pro-inflationary risks have slightly increased since the last meeting, and this is also due to the dynamics of the exchange rate," she said at a briefing at the Bank of Russia Financial Congress.

"But in July we will make a decision based on all factors. We will analyze the influence of not only one factor, but all factors in order to make a decision," the governor said.