MOSCOW, October 21. The CBR is watching the individual signs of stabilization in the economy, said the head of the Bank of Russia Elvira Nabiullina. According to her, inflation in Russia will continue to decline quite rapidly and by the end of 2017 will reach 4% .
Speaking about the situation in the banking sector, Nabiullina said that the Russian banks have adapted to the new economic environment and can increase lending. Debt of banks on monetary instruments of the Central Bank declined to $26 billion, she said. It is estimated that the situation in the banking sector in 2016 will remain stable.
The state program of recapitalization of banks is beginning to yield results, said the head of the Central Bank. Alternatives the Central Bank’s refinancing demand, but to evaluate their effectiveness, also said Nabiullina.
However, the Central Bank concerned about the situation with lending to small and medium businesses in Russia, she said.