Russian central bank not expecting double-digit rates, says Nabiullina

Russian central bank not expecting double-digit rates, says Nabiullina
© Reuters. FILE PHOTO: Elvira Nabiullina, Governor of Russian Central Bank, attends a news conference in Moscow, Russia December 13, 2019. REUTERS/Shamil Zhumatov/File Photo

MOSCOW (Reuters) – Russia\’s central bank does not expect its interest rates to reach double-digit levels, Governor Elvira Nabiullina said on Thursday, ahead of a Dec. 17 rate-setting meeting at which the bank is widely expected to raise rates from 7.5%.

In an interview at the Reuters Next conference, Nabiullina said the central bank was not considering raising the inflation target from 4%, preferring consistency in its inflation-targeting regime.

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