The period of a sharp slowdown in inflation, which the Russian economy experienced for more than a year, is coming to an end, then the Russians should prepare for the acceleration of inflationary processes. Head of the Central Bank of the Russian Federation Elvira Nabiullina warned about this, writes The Moscow Times.

“Our vision assumes a gradual increase in inflationary pressure until the end of the year,” she said at a press conference after the next meeting on the key rate.

On it, the rate of the Central Bank was left unchanged for the fifth time in a row - 7.5% per annum. Nevertheless, according to Nabiullina, the Central Bank considered the option of raising it and does not rule out that this will still have to be done at the next meetings..

“Our logic is that we see inflationary risks,” said the head of the Central Bank. Among them is the depreciation of the ruble, which since the beginning of the year has lost about 20% of its value against the dollar, euro and yuan and rolled back to the lows for the year - more than 80 per dollar and almost 90 per euro.

One of the reasons for the volatility of the ruble, according to Nabiullina, was the transactions of foreign companies to exit the Russian market:

they bought the currency without any restrictions.

The Central Bank "

Nevertheless, she admitted, even if the ruble exchange rate remains at current levels, this will become "

Recall that already in the second half of 2023, the Central Bank of the Russian Federation will be forced to print money to cover the budget deficit, which will lead to the financial collapse of the aggressor state. This was recently stated by the head of the National Bank of Ukraine Andriy Pyshny.