The Central Bank said it would raise inflation expectations

Moscow. October 23. The Bank of Russia notes the improvement in inflation expectations, said the head of the Department of the Central Bank Igor Dmitriev at a meeting of the working group in the state Duma on Friday.

“The main risk is to underestimate the risk of inflation expectations. They grow, they possibilis in the second quarter. And what we see now an increase in inflation expectations, this is a very big threat,” – said Dmitriev.

He recalled that as soon as inflation falls, the Bank of Russia can start to reduce the key rate. “But we need to verify that the process (inflation – approx. If) went that followed him began to decline inflation expectations”, – said the head of the securities Department.

The next meeting of the Board of Directors of the Bank of Russia on monetary policy will take place on October 30.