MOSCOW, June 6. /TASS/. The Bank of Russia may increase the key rate if inflation stops declining steadily or starts growing, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting.
"If inflation stops declining steadily and furthermore, if it starts growing, an increase of the key rate is not excluded," Nabiullina said.
Stringent monetary conditions need to be supported for further disinflation, she said. This is possible even if the rate is lowered when inflation and inflation expectations go down simultaneously.
Further decisions of the Bank of Russia will be aimed at reaching the inflation target about 4% next year, Nabiullina stressed.