The consensus forecast of “Vedomosti”: economists almost unanimously waiting for a pause in the decision of the Central Bank on the rate
At the previous meeting on September 11, the Central Bank for the first time paused in the one-and-a-half-year cycle of easing monetary policy (MCP). Respondents do not exclude that it may last until the end of the year against the background of accelerating price growth in the autumn. The cycle is interrupted due to one-time factors that the PrEP cannot influence, stressed the Chairman of the Bank of Russia Elvira Nabiullina on September 11. According to her, moderately tight monetary conditions are necessary so that a one-time acceleration of inflation does not turn into a sustainable trend. The regulator noted that the steady growth of the CPI accelerated in terms of the year, primarily due to the impact of a temporary reduction in production capacity in certain industries. Also significantly affected by the rise in fuel prices, which affected the dynamics of sustained inflation, said the Central Bank. The range of its estimates was increased to 5-6% per year.
At the previous meeting on September 11, the Central Bank for the first time paused in the one-and-a-half-year cycle of easing monetary policy (MCP). Respondents do not exclude that it may last until the end of the year against the background of accelerating price growth in the autumn. The cycle is interrupted due to one-time factors that the PrEP cannot influence, stressed the Chairman of the Bank of Russia Elvira Nabiullina on September 11. According to her, moderately tight monetary conditions are necessary so that a one-time acceleration of inflation does not turn into a sustainable trend. The regulator noted that the steady growth of the CPI accelerated in terms of the year, primarily due to the impact of a temporary reduction in production capacity in certain industries. Also significantly affected by the rise in fuel prices, which affected the dynamics of sustained inflation, said the Central Bank. The range of its estimates was increased to 5-6% per year.
