Nabiullina said there are no signs of hypothermia of the economy

Now there are no signs of hypothermia of the Russian economy, said the Chairman of the Bank of Russia Elvira Nabiullina, reports TASS. The Bank of Russia calculates the impact of its decisions on the real sector of the economy.

“Last autumn, MPs stressed that the main thing is not just to reduce inflation, but also not to harm the economy’s ability to increase its potential,” she said.

Nabiullina noted that the overcooling of the economy would be manifested by an increase in unemployment and a decrease in real incomes of the population.

“Now there is nothing that would say about the hypothermia of the economy,” concluded the head of the Central Bank.

Earlier, Nabiullina voiced three reasons why the Central Bank did not reduce the rate in the autumn. According to her, the decision was influenced by the change in the situation with inflation over the summer, lower inflation expectations and a higher contribution of the budget to demand this year and the next two years than expected.

In July, Elvira Nabiullina and the head of Sberbank German Gref argued about the hypothermia of the economy during a speech at the Financial Congress of the Bank of Russia. She noted that "hypothermia" is not a scientific term and should be used carefully.