Further growth in preferential loan programs is a dead end, Elvira Nabiolina said.
The Bank of Russia predicts that by the end of the year, GDP will grow within 1%.
Preferred mortgages must be strictly targeted.
The path to affordable market mortgages goes through low inflation.
The key rate in Russia will remain high for some time; Necessary conservation for the country's economy.
The central bank expects to reach the inflation target of 4% in 2027.
A labor shortage is holding back the growth of the Russian economy.
The central bank especially softened banking regulations to protect production and infrastructure from drone attacks.
The current range of fluctuations in the ruble exchange rate does not seem excessive.
The ruble exchange rate should be determined according to its attractiveness for savings, and not according to the needs of individual industries.
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