According to the head of the Central Bank of Russia, Elvira Nabiullina, with high inflation, economic growth will be as unstable as the pulse during a long-distance run.
She explained that it is very difficult to run long distances with a high heart rate.
Inflation is similar to a person’s pulse or high temperature, RBC emphasizes Nabiullina’s words.
High inflation makes economic growth unsustainable.
The head of the Central Bank also pointed out that high inflation could be a sign of certain diseases.
In this regard, the Russian government, together with the Central Bank, is working to strengthen the sustainability of economic growth.
Nabiullina emphasized that the Central Bank is responding to the growth of inflation by implementing monetary policy.
A reduction in the key rate at this time will most likely be perceived this way if the authorities have admitted their inability to curb inflation.
The head of the Central Bank emphasized that a low key rate, in turn, will accelerate inflation and weaken the ruble.
Author: Elena Gutyro
