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Investing.com -- Russian Central Bank Governor Elvira Nabiullina stated on Thursday that there is room to reduce the key interest rate from its current level of 17%.
Nabiullina emphasized that the central bank’s decisions on interest rates are not predetermined, suggesting a flexible approach to monetary policy.
The governor also noted that weekly inflation figures are not very indicative for policy decisions, with the bank paying more attention to monthly dynamics when assessing inflation trends.
Regarding fuel prices, Nabiullina characterized their recent growth as a temporary factor rather than a source of sustainable inflation. However, she cautioned that rising fuel prices could slow down the decrease in inflation expectations among Russian consumers and businesses.
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