"The key rate will follow the trajectory that will return inflation to 4%, the key rate will rise as much as it will be necessary to achieve this goal," RIA Novosti quoted him as saying.
Based on the model calculations of the Central Bank, an increase in the key rate to double-digit values "is not required even in such a harsh scenario as the financial crisis," he stressed.
“From the point of view of annual inflation - yes, probably, we proceed from the fact that in the fourth quarter we will see its slowdown, but this is a lagging indicator, for us the current level of inflationary pressure is more important, which is mostly shown by seasonally adjusted dynamics in monthly prices. "- added Zabotkin.
In September, the head of the Bank of Russia Elvira Nabiullina noted that in order to cut the rate, "it is necessary to lower inflation expectations and increase people's propensity to save."
According to her, "it is unlikely that this will happen before people are happy with the rates on deposits."
On September 10, the Central Bank raised its key rate to 6.75%.