off-the-wire

Russian central bank governor speaks after holding interest rates

Kitco Media
By Reuters
Published:
Updated:
Reuters

Feb 10 (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin gave a news conference on Friday after the regulator held its key interest rate at 7.5%.

The quotes below were translated from Russian by Reuters.

NABIULLINA ON INFLATION:

"We don't have full data about inflation for January, but weekly data shows that in January the pace of price growth probably increased to the highest levels since April last year."

"In general, the pace of growth in the core components of inflation, according to our estimates, are still moderate. This is largely due to restrained consumer demand."

Reporting by Reuters
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