“We are really sliding into a deflationary spiral, and we need to take this seriously, so we expect that together with the Central Bank we will continue to analyze the situation and the trend that our colleagues have set will last, and as soon as possible, because without a cheap loan we can do not pull out, ”RIA Novosti quotes him.
According to Reshetnikov, deflation has been observed in Russia for the fifth week in a row.
Earlier, the head of the Central Bank of Russia, Elvira Nabiullina, said that the external conditions for the Russian economy have changed for a long time, if not forever.
On June 10, the Board of Directors of the Central Bank of Russia decided to reduce the key rate from 11% to 9.5% per annum.
As explained in the Central Bank, the external conditions for the Russian economy are still difficult, but inflation is slowing down faster than expected, and activity is declining on a smaller scale than expected.