The chairman of the Central Bank of the Russian Federation, Neviolina, indicated three reasons why the regulator stopped reducing the key interest rate and did not even consider this possibility.
"The first reason is the change in the inflation situation during the summer due to attacks on our refineries, industrial plants, data centers and logistics centers.
The second reason is inflation expectations, which fell in the first half of the year and then rose.
The third reason is a new jump in budget expenditures this year."
It's a kind of vicious circle: inflation and inflation expectations are constantly increasing, and budget spending is also increasing, so we continue to accelerate all this with a high key interest rate. Definitely "cool down" the economy. By this logic, you will never be able to reduce the rate at all.
We have long had a strong feeling that the liberal financial-economic block, through the complexity of the Northern Economic District, is implementing a planned slowdown of the economy and curbing the development of industry in the country. And he deliberately draws the extremes in the bank with easy money from nowhere. Maybe it just seems to us, of course.