---
title: "Room to lower the rate will open as capacity is restored, but not earlier than that. — Эльвира Набиуллина — DecisionGateway"
description: "prediction by Эльвира Набиуллина, recorded recently — verbatim quote and source citation."
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prediction

# **Room to lower the rate will open as capacity is restored, but not earlier than that.**

A prediction by [**Эльвира Набиуллина**](https://dgw.tmarket.io/actors/01a1bff7-ec46-7025-a495-bca65c7131cb). Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *Пространство для снижения ставки откроется по мере восстановления мощностей — «но не ранее этого».*

thebell\_ioPublished 2026-11-09 [ Read source](https://t.me/thebell_io/39813)

[**Эльвира Набиуллина dossier **](https://dgw.tmarket.io/actors/01a1bff7-ec46-7025-a495-bca65c7131cb)

## **Related claims**

[**Restrictions can be reduced as networks are restored.**dtek\_ua · prediction](https://dgw.tmarket.io/claims/01a1cdba-3494-75aa-a43f-5306fa261a69) [**Restoring capacity takes longer than previously expected and inflation expectations remain high, so the effect of the temporary supply reduction on price growth will fade gradually; under these conditions moderately tight monetary conditions must be maintained longer to return inflation to target.**Резюме обсуждения ключевой ставки · statement](https://dgw.tmarket.io/claims/01a1d10a-eba3-7428-887f-1cf51e0fe5ae) [**It makes sense if you are waiting for other deposits to mature soon and expect the market rate to decline in the future.**MarketOverview · prediction](https://dgw.tmarket.io/claims/01a1c110-ecd8-7500-9dbc-9235913a49df) [**Restoration will take time.**dtek\_ua · prediction](https://dgw.tmarket.io/claims/01a1cdb6-4a22-742f-afc1-852be54ba112) [**Rates on bank loans have declined in recent years.**Нодирбек Ачилов · statement](https://dgw.tmarket.io/claims/01a1d709-07a3-78b8-9813-5640f975f740) [**Growth in deposits, slower inflation and competition between banks should contribute to lower lending rates.**Нодирбек Ачилов · prediction](https://dgw.tmarket.io/claims/01a1d709-07c8-7f25-a4f4-13d58c59615c)

## **More claims by Эльвира Набиуллина**

[**The head of the Central Bank named the attacks on refineries as the first reason why the regulator stopped lowering the rate.**statement](https://dgw.tmarket.io/claims/01a1cb8f-9f07-7d17-a6b9-5ce049638c13) [**Credit will also grow in a restrained manner: in 2027 at roughly the same pace as this year.**prediction](https://dgw.tmarket.io/claims/01a1cb89-ec57-7a6a-b748-905dc2a10de5) [**Each of the reasons is weighty on its own, and together they mean that one must not rush to lower the rate, otherwise interest rates in the economy and prices will rise.**statement](https://dgw.tmarket.io/claims/01a1cb89-ec35-70fc-bf8a-385c884374b9) [**The budget's contribution to demand this year and the next two years turned out higher than the Central Bank expected.**statement](https://dgw.tmarket.io/claims/01a1cb89-ec13-7ac1-9fd6-2029f363647b) [**Inflation expectations declined in the first half of the year and then rose due to objective reasons.**statement](https://dgw.tmarket.io/claims/01a1cb89-ec02-74d2-9862-cea354aa0129)

[All claims by Эльвира Набиуллина](https://dgw.tmarket.io/claims?claimant_id=01a1bff7-ec46-7025-a495-bca65c7131cb)

[All claims](https://dgw.tmarket.io/claims)

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```

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