The Bank of Russia predicts that partial mobilization in the coming months will help curb consumer demand and inflation.

  • globallookpress.com

  • © Konstantin Kokoshkin

AT message the Central Bank website says that in the coming months, partial mobilization “may have a predominantly disinflationary impact”, while in the future it is expected that “its effects will be pro-inflationary.”

“According to the estimates of the Bank of Russia, partial mobilization will be a deterrent to the dynamics of consumer demand and inflation over the next few months,” the Central Bank noted.

Earlier, the head of the Central Bank of Russia, Elvira Nabiullina, announced a stable situation in the country’s banking sector.

According to her, the system is in a structural surplus and banks are able to manage liquidity – if necessary, they increase deposit rates.

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Source: russian.rt.com

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J. A. Allen

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