Salem Radio Network News Wednesday, January 19, 2022

Business

Sustained high inflation could undermine cenbank credibility, Russia’s Nabiullina says

MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Thursday that inflation staying high for long enough could undermine the central bank’s credibility, speaking ahead of the next rate-setting meeting on Dec. 17.

Speaking in an interview at the Reuters Next conference, Nabiullina said that a harmful policy mistake would be to underestimate inflation risks.

To watch the Reuters  Next conference please register here https://reutersevents.com/events/next/

(Reporting by Katya Golubkova; writing by Andrey Ostroukh and Alexander Marrow; editing by Jason Neely)

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