Current Budget Rule Oil Price Too High, Should Be Reduced - Russian Central Bank Head

NAMPA / Sputnik
2026-06-19
MOSCOW, June 19 (RIA Novosti) - The current oil price is too high in Russia's budget rule, it should be reduced, Russian Central Bank head Elvira Nabiullina said on Friday. Earlier in the day, the Russian Central Bank lowered the key rate to 14.25% from 14​​​.5% per annum. "Our position on the matter has not changed. We believe that the budget rule is the fundamental basis of macroeconomic stability, and that the current base price is too high fr......
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