The chairperson of Russia’s Central Bank Elvira Nabiullina said that there are risks annual inflation may settle for a long time between 6-7%, which is not acceptable, Reuters reports.
"For some this level of inflation may seem acceptable," Nabiullina said at the finance ministry's board meeting. "But in my opinion this is very unacceptable, because that is not the level of inflation needed for investment growth. 6-7% - this is not investment-level inflation," she added.