“The main instrument by which the Central Bank influences inflation is the key rate.
The higher it is, the more attractive the deposits become.
And the less people are inclined to take loans.
Thus, we influence demand ", - said the head of the Central Bank.
According to her, inflation can be influenced by creating conditions for the growth of supply.
She noted that competition is very important to keep inflation down.
“And monetary policy only affects demand.
Incidentally, this is the answer to the question of why, for the sake of economic growth, not print and distribute money to everyone, ”Nabiullina said.
The head of the Central Bank explained that in this case "demand will grow, but supply will not, and there will only be an increase in inflation instead of economic growth."
Earlier, Nabiullina announced that the Central Bank was growing worried about inflation.
According to her, the Bank of Russia does not exclude a transition to a moderately tight monetary policy.