Russian central bank outlines major economic risks ...News

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Russian central bank outlines major economic risks
source : Russia Today ( News ) () 49
Western sanctions, labor shortages and lagging supply could affect growth, Elvira Nabiullina has warned The Bank of Russia (CBR) held its key interest rate unchanged at 7.5% on Friday, saying the economy will recover this year and grow by as much as 2%. Commenting on the decision, CBR Governor Elvira Nabiullina said that some factors could threaten the regulator’s goal of returning inflation to its 4% target.  “About the risks that could lead to a deviation of inflation from the baseline forecast. There are pro-inflationary factors, we expect some acceleration, an increase in core inflation, but we do not expect d

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