Even Russia’s central bank head says inflation is transitory (hopes 7% will be the top!)

ArticleBody Governor of the Central Bank of the Russian Federation (better known as the Bank of Russia) Elvira Nabiullina remarks:

 

  • says annual inflation could hit around 7% in September, we hope this will be its peak
  • inflation could significantly deviate from our 4% target for a prolonged period
  • says we “act carefully” when making key rate decision in times of uncertainty
  • says inflation to return to 4% target in second half of 2022

 

Speaking in an interview.

Headlines via Reuters
ArticleBody Governor of the Central Bank of the Russian Federation (better known as the Bank of Russia) Elvira Nabiullina remarks: