according to elvira nabiullina, the ruble strengthened significantly against this background.re was a sharp reduction in demand, citizens began to save savings in anticipation of falling prices. at the same time, the central bank has observed the replacement of foreign currency deposits with ruble ones, the demand for foreign currency has noticeably decreased and the institution of bank commissions on deposits, as well as restrictions on operations that still exist from the side of the central bank in september, the regulator. in particular, it plans to extend the limits on the issuance of cash currency. no, there is reason to expect that the situation with the receipt of personal foreign currencies into the country will change for the better the near future and those decisions about which i have already spoken of unfriendly countries to ban the import of cash into russia. they remain in effect. uh, and uh, and yet our banks should be able to provide. uh, for all citizens, their right to previously opened foreign currency accounts and receive the amount within the allowed limi

it was a press conference of the head of the central bank, elvira nabiullina, following the meeting, let me remind you that the central bank lowered the key rate to eight percent. vladimir putin held an operational meeting with permanent members of the council president's security made it one of the main topics from novo-ogaryovo via videoconference, international issues became topics. today we will discuss some issues on the international agenda. well, at the beginning i would like to ask sergeyevich lavrov to tell us about the results of his trips. e abroad. i have read your written reports. well , i would like you to share with colleagues. uh about these uh impressions of your position. russian defense minister sergei shoigu is on a visit to istanbul today , he has already held talks with the minister of defense turkey’s hulusi akarona discussed the situation in the black sea region and ukraine, as well as in syria, the minister noted the need to maintain a ceasefire in syria, the departments of the two countries are in contact on this topic at various levels sergei shoigu noted t

this time, the opinion of experts was divided at the previous meeting central bank chairman elvira nabiullinaat the regulator still has room for further rate cuts. now it is at the level of 9 1/2% reduction at once by half a percentage point by half a percentage point will return it to where it was at the beginning of the year stabilization of inflation - this is already a fact in june and july, consumer prices have practically stopped their growth, producer prices decline even faster in may. they fell by almost 7%, and in june by more than four percent. the population is also not preparing for a sharp increase. now inflation expectations are below 11%, that is, at the level of the beginning of last year. all this gives the bank of russia a wide field for maneuver. we expect that the rate will be cut by 100 basis points to 8.5%, the reasons for this are as a rapid deceleration of inflation, seasonal deflation affects food, and we also see a rollback in prices for non-food products due to the cooling of domestic demand and the strengthening of the ruble , prices are reduced for many group is b

how did elvira nabiullina , the head of the regulator, explain this step?evious forecast, the figure was 17. experts suggest that the central bank has it. contrary to all forecasts, this friday, the regulator unexpectedly reduced the key rate not by half a percent, but by one and a half at once, so its new value is now 8%. as seen on the chart. this is the fifth consecutive decline since february, when the rate had to be raised sharply, in particular to curb inflation. today, consumer price growth remains low, which allows the central bank to pursue a looser monetary policy. the regulator lowered its inflation forecast for this year from 17:00 to 15% in 2023, while it is the indicator according to its estimates may reach 5-7% by 24%. it is planned, as previously stated, to reach the target of 4%. today, we have decided to reduce the key rate by 150 basis points to 8% per annum. based on our decision, a comprehensive assessment of the current conditions and an updated macroeconomic forecast in may-july, inflation has been consistently slowing down due to the

elvira nabiullina noted that the central bank still has room for further rate cuts.ow it is at the level of 9.5%. the situation with inflation stabilized in june and july. consumer prices have practically stopped their growth, producer prices are declining even faster in may. they fell almost 7% in june to more than four percent. the population is also not preparing for a sharp increase. now inflation expectations are below 11%, that is, at the level of the beginning of last year. all this gives the bank of russia a wide field for maneuver. we expect the rate to be cut by 100 basis points to 8.5%, the reasons for this are like a rapid deceleration of inflation, seasonal deflation affects food, and we also see, due to the cooling of domestic demand and the strengthening of the ruble, a rollback in prices for non-food products, prices are falling for many groups. these are building materials medicines. a hmm electronics and a tailor. that is why deflation now dominates locally. it is possible that by the end of the year the rate may drop below 6%, that is, it will retu

percent gdp growth will resume in 2024 press conference of the chairman of the bank of russia elvira nabiullina our channel at 15:00 moscow time. outcomes of the summit in tegera

elvira nabiullina made two important statements. first, she answered the question. the dollar be banned in russia ? uh, fifty. secondly, vera nabiullina has already announced that the central bank will be forced to extend the restriction on the issuance of cash currency from deposits and accounts, while they are valid until 9 september, but the head of the central bank explained the need for an extension because of the sanctions, it is forbidden to supply euros to russia for personal dollars and the situation. hardly soon better than an hour at the same time to the banks. it is necessary to somehow issue the currency from the old deposits. now the rules are as follows, if a foreign currency deposit or account is opened before march 9, then you can withdraw in cash a maximum of 10,000 dollars or the equivalent in euros. but if the deposit or something else is open after the ninth of march, that is, you can withdraw any amount from it only in rubles. the german authorities announced the plan today rescue energy company uniper. this is, of course, the consequences of t

according to elvira nabiullina, the ruble strengthened significantly against this background.re was a sharp decline in demand, citizens began to save savings in anticipation of falling prices. at the same time, the central bank has observed the replacement of foreign currency deposits with ruble ones; the demand for foreign currency has noticeably decreased ; in particular, it plans to extend the limits on issuance of personal currency. no, there is no reason to expect that the situation with the receipt of personal foreign currencies into the country will change for the better in the near future and those decisions that i have already spoken about by unfriendly countries about the ban on the import of cash into russia. they remain in effect. uh, and uh, and yet our banks should be able to provide. uh, for all citizens, their right to previously opened foreign currency accounts and receive the amount within the allowed limit. hmm 10.000. and so, in september, we will be forced to extend those restrictions that were introduced at the beginning of early march, the external condi

earlier it was said about eighty percent gdp growth will resume in 2024 press conference of elvira nabiullina, chairman of the bank of russia, see today on our channel at 15:00 moscow time. the results of the summit in tehran and cooperation in trade and the economy were discussed by vladimir putin and president of belarus alexander lukashenko, they talked on the phone and exchanged views on the most pressing international issues. both leaders confirmed their intention to strengthen russian belarusian relations in all areas and to continue regular contacts at the highest level , and today the president approved a list of instructions following the results of the 25th st. economic forum, the government, by its decision, must ensure that the terms of preferential mortgages be changed by july 25, making a rate of no more than seven percent, and by september 15 it is necessary to develop a set of measures to increase the birth rate and support families with children, and the cabinet of ministers must develop by january 15 and approve a comprehensive modernization program. housing and communal ser

percent, gdp growth will resume in 2024 press conference chairman of the bank of russia or vera nabiullina and will start any minute. we'll show it live. russian defense minister sergei shoigu arrived in istanbul. there he will take part in the description of documents on lifting restrictions on the supply of russian products for export , the ministry of defense reported, and today in istanbul they are preparing to sign an agreement on russia's action and russia's assistance to ukrainian grain. in addition, the minister of defense will meet with his turkish counterpart. the government expanded the list unfriendly foreign states the list includes greece denmark slovenia croatia and slovakia the reason was the actions directed against russian diplomatic missions in these countries , inclusion in the list in particular limits the ability to hire russians to work in the embassy or consulate of these countries located on the territory of russia being on the list of unfriendly to russia countries may have other consequences. here is how the press secretary of the president dmitry peskov commente

and nabiullina or anton gennadievich ask you.ou, dear vladimirovich dear colleagues, uh, the task is worth providing. e such a factory to grow technology companies and for this, hmm , a number of measures are envisaged, both in the field of the budget in the region, e tax references and in the field of stimulating e companies, e, to place attracting investigative financial market. for each of the positions, i’ll stop on the budget, we accepted and, uh, approved, and the strategic initiative from the take-off from the start to the likeness of a trench about this stopped and uh hmm in our opinion. this is a very important event. e, the allocation of grants for the growth of small and medium-sized technology companies. the amount of the grant e, up to 250 million rubles. and here it is just very important that this money. they will go to the refinement and organization of production and innovative products for the needs of our state e-corporations and for the needs state-owned company, the second er hmm the second component of this

but today elvira nabiullina announced their extension.what will happen to the economy as a whole? the central bank believes that the economic downturn will be more extended in time and possibly less deep in the baseline scenario. the bank of russia is projected to reduce gdp this year by four to six percent. thanks it was our browser on or asker-zade. mikhail mishustin met today with the winner of the 4th season of the competition leaders of russia in the field of science, ilya menshchikov. attention. premiere attracted the technology of absorbing gas, a nanomaterial like a sponge that absorbs water the head of the russian government caused great opportunities for the application of this discovery and not only the details from alexey golovko advanced research at the intersection of physics and chemistry allowed the young scientist ilya menshchikov to become the winner of the competition and invited to the government house to meet with mikhail mishustin, the head of the cabinet of ministers has already been a mentor to three winners of com

invented inflation, and therefore the second amendment in the usa will never be devalued, that nabiullinat propose this. okay if so. well, finally, finally a few words about us. they said that they should not underestimate inflation, because it is a conservative reversal. there's more like maybe it's for the devil. such a difficult question, i still actually considered us that under the pressure of whatever ideas and ideologists, in no case should we abandon traditions and the word of tradition. i understand that dima was trying to find these two young people who wrote the article, they are, frankly, a brilliant thing, we need to come up with a new tradition. in general, who did they say more than that vladimirovich, they said 48-49 gender. but this is what they said, they said that the values ​​of values ​​are invented under the task of it's just people. yes, they are both scientists, they are scientists, but yekaterinburg. i mean, that's why it's, well, i just want to say it's not possible to do this. my mother always wrote a philosophical work, so to speak, of social philosophy, which