Central Bank Chairperson Elvira Nabiyullina stated that the current… (ставка · банк · набиуллин)
Central Bank Chairperson Elvira Nabiyullina stated that the current fuel market instability is temporary and will not influence key interest rate decisions unless secondary effects emerge that impact inflation expectations. She emphasized that the government is taking measures to stabilize the fuel market and that the central bank will assess the situation at its July meeting.
Consensus
- The current instability on the Russian fuel market is temporary or short-term in nature
- The Central Bank of Russia (CBR) is monitoring the situation closely
- Government measures are being taken to stabilize the fuel market
- The CBR will evaluate the impact of the fuel market situation at its July meeting
Points of divergence
- If there are secondary effects from the fuel market, it would influence decisions on key interest rates — vesti
- The current impact of the fuel market has not yet appeared in June data and will be evaluated at the July meeting — vm
Coverage (3 sources)
- Naibiulina on fuel situation, key rate cut, and preferential mortgages — Вести
- Central Bank Explains How Fuel Situation Will Affect Key Rate — Вести
- Nabiyulina: Fuel market difficulties are temporary — Вечерняя Москва