Nabiullina saw the reduction of space to reduce the rate of the Central Bank

The space to reduce the key rate in 2027 decreased, said the Chairman of the Bank of Russia Elvira Nabiullina at a press conference after the meeting of the regulator.

“Talking about space for one meeting may not be appropriate. You have to look at the trajectory. And we see that next year there is room for a rate cut, but we have raised the trajectory. This means that this space has become less, she told reporters.

At the same time, answering the question whether the Central Bank considered a “hard variant of the signal”, Nabiullina stressed that everyone discussed “almost neutral signal”.