MOSCOW, December 4. /TASS/. The Central Bank acknowledges the possibility of a key rate increase in December 2024, but the decision is not finalized, Governor of the Bank of Russia Elvira Nabiullina said at the 15th VTB Russia Calling! Investment Forum. TASS recaps key statements from the Central Bank chief.

Inflation

Inflation should not be expected to "blow over."

Economic growth could be volatile if inflation remains high. It can be compared to a patient's high temperature.

The "slowdown path" of inflation toward the target figure will take the entire year of 2025 and extend into 2026.

Key rate

The key rate is a strong tool to counter inflation and it helped to "prevent entering an inflation spiral."

Russian economic potential

The economic potential "is growing and will continue to grow next year" owing to large-scale investments.

The regulator is working closely with the government "so that economic growth is indeed sustainable and based on the rise of economic potential."