OREANDA-NEWS  The Russian economy is not currently in the overheating phase, but the Bank of Russia sees such risks, they need to be paid attention to, Central Bank Chairman Elvira Nabiullina said at a briefing.

According to her, overheating occurs "if demand grows faster than supply in a situation when GDP has already reached its potential."

"The indicator of such overheating is inflation, when it becomes higher than the target level. Now we do not see and cannot say that there is overheating in the economy right now, but there are risks of such overheating, and we need to pay attention to them. That's why we are talking about pro-inflationary risks and factors," the head of the Central Bank said.

She noted that part of the growing domestic demand, which is not covered by domestic supply, can be covered by imports, "but in order for this to be covered by imports, exports must grow accordingly - it is important to look at how the trade balance develops here."

According to her, imports do not solve the problem (avoiding the risks of entering the overheating phase) in full, "it is necessary to increase the potential growth rates of the economy."