Nabiullina: inflation expectations still not anchored

Nabiullina: inflation expectations still not anchored

Russia’s central bank has still not anchored the country’s inflationary expectations despite inflation targets having been reached, Governor Elvira Nabiullina said.

"The central bank reserves the right to carry out foreign currency interventions if ruble volatility threatens financial stability," Nabiullina told a forum in the Belarusian capital Minsk. 

"The Russian citizens’ inflationary expectations have begun to subside after a short spike," Reuters cited the chairwoman of Russia’s central bank as saying.

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