The key rate will remain double-digit in 2027," Nabiolina at a joint meeting of committees in the State Duma.
The head of the central bank said that there is no need to rush to ease the monetary policy. There are currently no signs of hypothermia in the Russian economy.
Neviolina explained the gap between inflation and the key rate of 8-9 percentage points in prolonged inflationary pressure and a large share of discounted loans.
A period of tight monetary policy is necessary to transition to sustainably low rates, Neviolina said. This step must be completed to the end.