Nabiullina called the period of high interest rates on loans a necessary measure.

The period of high rates is painful, but it is a necessary measure to increase the well-being of citizens in the future. This was announced on November 12 by the Chairman of the Central Bank of Russia, Elvira Nabiullina.

"The key rate has been high for three years and will remain high for some time to come. Is this justified from the point of view of the interests of the economy, citizens and business? I am absolutely sure that it is," she said during her speech in the State Duma.

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