“The Russian financial system has shown its best side,” RIA Novosti quotes her.

Nabiullina noted that Russian banks “not only did not eat through the reserves of previous years, but were able to very quickly rebuild their business models and start earning again.”

Earlier, Nabiullina did not rule out the possibility of reducing the key rate in 2023.

On February 10, the Central Bank of Russia kept its key rate at 7.5% per annum for the third time in a row.

Georgy Ostapkovich, director of the Center for Market Research at the Institute for Statistical Research and Economics of Knowledge, Higher School of Economics, in an interview with RT, called this decision correct.