The Central Bank called inflation the most important anchor in the economy

The Central Bank is convinced that inflation is the most important “anchor” in the economy, its low level and predictability is the key to the confidence of citizens and businesses, said the Chairman of the Bank of Russia Elvira Nabiullina in the Federation Council.

“We are absolutely convinced that inflation is the most important anchor in the economy, low and predictable inflation is the key to the confidence of citizens and businesses in the future and their readiness to invest in our economy, our country. This is a question of real incomes of the population, incomes that are not “eaten up” by inflation,” leads her words TASS.

Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF) June 16 Russian President Vladimir Putin declaredthat the unemployment and inflation rates in Russia reached their minimum values. The head of state stressed that the authorities maintained a responsible balanced budgetary and monetary policy.

“Their effective combination made it possible to reach the minimum values ​​of unemployment, as well as inflation, which is now lower in Russia than in many Western countries, both in the eurozone and in other regions, and is close to a historical minimum of 2.9%. Unemployment – 3.3%. It has never been so low in our history,” Putin said.

President previously predictedthat inflation in Russia by the end of 2023 will be about 5%, which, according to him, is a normal level for the country’s economy. The Central Bank expects that in the II quarter inflation will be at the level of 3.6%, and by the end of the year it may reach 4.5-6.5%. In 2024, inflation will reach a plateau.