---
title: "Elvira Nabiullina did not see a fundamental shift in this: the combination of factors is to blame —… — Эльвира Набиуллина — DecisionGateway"
description: "statement by Эльвира Набиуллина, recorded recently — verbatim quote and source citation."
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> Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt)

statement

# **Elvira Nabiullina did not see a fundamental shift in this: the combination of factors is to blame — "interruptions with mobile internet, adaptation to tax changes, anxiety about various kinds of rumors".**

A statement 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.

> *Впрочем, фундаментального сдвига в этом Эльвира Набиуллина не увидела: виновата комбинация факторов — «перебои с мобильным интернетом, адаптация к налоговым изменениям, тревожность по поводу разного рода слухов».*

thebell\_ioPublished 2026-11-09 [ Read source](https://t.me/thebell_io/39814)

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

## **Related claims**

[**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.**Эльвира Набиуллина · statement](https://dgw.tmarket.io/claims/01a1cb89-ec35-70fc-bf8a-385c884374b9) [**The head of the Central Bank named the attacks on refineries as the first reason why the regulator stopped lowering the rate.**Эльвира Набиуллина · statement](https://dgw.tmarket.io/claims/01a1cb8f-9f07-7d17-a6b9-5ce049638c13) [**The Central Bank did not even consider lowering the key rate in September and October, only keeping it unchanged.**Эльвира Набиуллина · statement](https://dgw.tmarket.io/claims/01a1cb89-eb7f-76ac-b40f-861f372686ff) [**Household cash operations in Russia are declining as a result of adaptation to mobile internet restrictions and lower anxiety about mobilization.**thebell\_io · statement](https://dgw.tmarket.io/claims/01a1cb97-8c62-71bc-92e0-048f7c40de5f) [**"Adaptation" obviously refers to the increase in the tax burden on small business, for which it has again become advantageous to go into cash, and "rumors" — to mobilization after the Duma elections.**thebell\_io · statement](https://dgw.tmarket.io/claims/01a1cb88-a51e-7a92-b077-99aa60a201c2) [**Several factors contributed to the move.**cnbc\_tv18 · statement](https://dgw.tmarket.io/claims/01a1c8d6-46e4-7991-87e4-8c7a4c01efbb)

## **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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