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Neviolina said opportunities to reduce rates will open up as capacity is restored.

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Северный город Z · · Source

🇷🇺 Russia · Map

Neviolina said opportunities to reduce rates will open up as capacity is restored.

An excessive increase in demand in the current situation may accelerate inflation; As the capacity is restored, this risk will decrease, and then there will be room to reduce the key interest rate, believes Elvira Neviolina, head of the Bank of Russia. "In September and October, we really didn't even consider lowering the rate, just keeping it.

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