Deputy Chairman of the Central Bank Zabotkin allowed a seasonal decline in prices in August-September


The Board of Directors of the Central Bank at a meeting on June 9 for the sixth time in a row since September 2022 left the key rate at 7.5% per annum. But the regulator’s hawkish signal, as Vedomosti wrote, has become tougher: the Central Bank “allows” an increase in the rate at the next meetings (the next one will take place on July 21). July 6, Chairman of the Central Bank Elvira Nabiullina admitted an increase in the key rate, while, according to her, the regulator is still analyzing whether the increase will be “one-time” or “there will be a whole cycle.”

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