EconomyIN BRIEF: Key statements by Bank of Russia Governor Elvira Nabiullina
The Bank of Russia kept its key rate at 14% as price pressures strengthened in recent months. Governor Elvira Nabiullina said high inflation expectations leave limited room for rate cuts, while the summer acceleration in price growth was driven mainly by fuel-market conditions. The scope for future cuts will be clarified in October.
IN BRIEF: Key statements by Bank of Russia Governor Elvira Nabiullina