She stated this at a press conference following a meeting of the board of directors of the regulator.
“The Ministry of Finance raised the estimate of the budget deficit from 0.9 to 2% of GDP this year.
We took this into account when making today's decision, and we will reflect it in the forecast figures after the second February meeting, ”TASS quotes her.
She also added that trade restrictions continue to create challenges for companies.
“This month, they added the entry into force of an embargo on oil supplies, as well as the establishment of a price ceiling for it.
We will clarify their effects in an updated forecast in February,” added Nabiullina.
Earlier, Nabiullina predicted a slowdown in annual inflation in Russia in the coming months.