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