The CBR supports the policy on the growth of tariffs of monopolies below inflation

The CBR supports the policy on the growth of tariffs of monopolies below inflation


Central Bank head Elvira Nabiullina stated that it supported the government on tariffs of monopolies, as their growth above inflation says that “other sectors receive less of their income.”

MOSCOW, 13 Oct. The CBR supports the government’s policies on growth of tariffs of monopolies below inflation, said the head of the Central Bank Elvira Nabiullina.

“If the tariffs of natural monopolies are rising above inflation, in fact, this means that other sectors receive less of their income…. We therefore support the government’s policies, at least in the part which stands for the natural monopoly tariffs were growing less than inflation,” – said Nabiullina, speaking at the forum VTB Capital “Russia calling!”.

CB Chairman noted that these tariffs have been growing for years above inflation, is the accumulated stock of this growth and there is an inner reserve associated with increased efficiency, which can be used in the first place.