Toughening monetary policy will contain a rise in prices

"For comfortable life of people and economic developments the countries Central bank Russian Federation (Bank Russia) considers optimum inflation as a whole over the country near 4% a year and returns it to this purpose with help measures monetary policy" — the chief of Volga-Vyatka GU Central bank Russian Federation (Bank Russia) Larissa Pavlova declared, making comments on the solution of the regulator on increase of a key rate to 8,5% per annum. On July 21, 2023 Central bank Russian Federation (Bank Russia) increased a key rate by 100 bps and allows possibility of its further increase not to allow the accelerated rise in prices. This the first since the end of September, 2022 change of a key rate. Recently...