Russia's Nabiullina Addresses Digital Ruble, Inflation and Price Stability
The Central Bank governor said demand for cash has risen only slightly and the situation is stabilizing.
Russian Central Bank Governor Elvira Nabiullina addressed a range of monetary policy issues, including challenges around the digital ruble, inflation and price stability, according to TASS.
Nabiullina said the regulator has observed a rise in demand for cash among the population, but noted that cash's overall share of the money supply has increased only slightly and that the broader situation is stabilizing.
Her remarks touched on the Central Bank's ongoing rollout of the digital ruble, Russia's central bank digital currency initiative, though specific details on the difficulties involved were not elaborated in the available report.
Inflation has remained a persistent focus for Russian monetary policymakers, with the Central Bank balancing efforts to stabilize prices against the broader pressures facing the economy.
No further figures on inflation rates or cash demand trends were provided in the cited remarks.
Sources
- Difficulties with digital ruble, inflation, price stability: statements by Nabiullina — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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