Nabiullina believes that it is impossible to rush to reduce the rate

The head of the Bank of Russia Elvira Nabiullina during a speech in the state Duma stressed that premature reduction of the key rate can harm the economy.

A hasty easing of monetary policy would lead to negative consequences, in particular, to higher interest rates and prices, as well as to additional difficulties for enterprises that already face serious challenges. Nabiullina noted that the repetition of previous mistakes in the current conditions would be unacceptable.

At the same time, the head of the Central Bank focused on the fact that the task is not only to reduce inflation, but also to maintain conditions for further increasing the economic potential of the country.