Nabiullina warned about a new change in the key rate

The Central Bank is ready for new measures

The head of the Central Bank of Russia, Elvira Nabiullina, again drew the attention of Russians to the economic situation, announcing a possible further increase in the key rate. If inflation does not begin to decline, the Central Bank is ready to tighten monetary policy. Such a decision could seriously affect the country's economy and the financial situation of citizens.

Why is the key rate so important?

The key rate is the main tool with which the Central Bank fights inflation. Its increase makes loans for businesses and households more expensive, which reduces consumption and slows down price growth. However, this approach has a downside: slower economic growth and reduced availability of credit. For many Russians, this means an increase in cost…