According to the head of the central bank, Elvira Nabiolina, in the second half of the year the economy entered an upward trajectory.
Additional statements by the head of the central bank at the State Duma plenary meeting:
The rate of economic growth will gradually increase: by the end of the year GDP will increase within 1%, despite the decrease in economic capacity due to drone attacks;.
The Bank of Russia has especially relaxed regulations to stimulate lending to protect production from drone attacks.
In order for the Russian economy to stand firmly on its feet, it is necessary to complete "import substitution of low global inflation".
The regulator expects to reach the inflation target of 4% as early as 2027.
Considering all the sanctions, the current range of the ruble's fluctuations is not excessive;.
Citizens do not need affordable mortgages, but affordable housing: all benefits from preferential loans are "eaten up" by rising prices.
Photo: Maxim Konstantinov/Global Look Press.