Russian central bank outlines major economic risks ...News

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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