https://sputnikglobe.com/20241108/bank-of-russias-key-rate-policy-working-annual-inflation-slowing-down---deputy-pm-1120818429.html
Bank of Russia's Key Rate Policy Working, Annual Inflation Slowing Down - Deputy PM
Bank of Russia's Key Rate Policy Working, Annual Inflation Slowing Down - Deputy PM
Sputnik International
The policy of increasing the key rate pursued by the Bank of Russia is already working, as the annual inflation is slowing down, Russian Deputy Prime Minister Alexander Novak said on Friday, adding that it amounted to 8% on November 1.
2024-11-08T10:13+0000
2024-11-08T10:13+0000
2024-11-08T10:13+0000
economy
russia
alexander novak
bank of russia
central bank
key rate
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"It is clear that the Central Bank is raising it [the key rate] and pursuing a tough monetary policy, as we see, in order to bring down the inflationary process, inflationary expectations. In my opinion, in principle, it is already working," Novak said at the Russian Economic Forum. Peak inflation, which was somewhere around 9.2% year-on-year in July, is now gradually decreasing, the official said, adding that it was 8% as of November 1.
https://sputnikglobe.com/20240612/bank-of-russia-to-use-banks-reports-to-determine-dollar-exchange-rate-1118928496.html
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bank of russia's key rate, russian deputy prime minister alexander novak, annual inflation
bank of russia's key rate, russian deputy prime minister alexander novak, annual inflation
Bank of Russia's Key Rate Policy Working, Annual Inflation Slowing Down - Deputy PM
CHELYABINSK, Russia (Sputnik) - The policy of increasing the key rate pursued by the Bank of Russia is already working, as the annual inflation is slowing down, Russian Deputy Prime Minister Alexander Novak said on Friday, adding that it amounted to 8% on November 1.
"It is clear that the Central Bank is raising it [the
key rate] and pursuing a tough monetary policy, as we see, in order to bring down the inflationary process, inflationary expectations. In my opinion, in principle, it is already working," Novak said at the Russian Economic Forum.
Peak inflation, which was somewhere around 9.2% year-on-year in July, is now gradually decreasing, the official said, adding that it was 8% as of November 1.
