The Bank of Russia does not exclude another deterioration in the epidemic situation, which could significantly affect the recovery of the Russian economy. This is stated in the updated report of the regulator on monetary policy.
The continuing spread of the coronavirus and the possible emergence of mutations resistant to the treatments used and developed vaccines do not allow ignoring the associated risks, the Central Bank noted.
“The deterioration of the epidemic situation is still possible, which can significantly affect economic processes. However, both in the world and in the Russian economy, the pandemic is already playing a less significant role compared to the middle or even the end of 2020,” the Bank of Russia added.