OREANDA-NEWS  All four triggers for raising the key rate of the Central Bank of the Russian Federation have been realized, said the chairman of the Bank of Russia Elvira Nabiullina.

"Today we decided to raise the key rate to 18% per annum. Earlier, we named four triggers for raising the rate, all of them have been implemented," she told reporters at a press conference.

"Firstly, steady inflation is increasing. Secondly, consumer activity is not cooling. Thirdly, the positive gap in the economy is not shrinking, and the rigidity of the labor market is growing. Fourth, new inflation risks related to sanctions have been realized," she listed.