(Adds quotes, context)
SOCHI, Russia, Sept 9 Economic trends and price
dynamics in Russia are not yet clear cut, central bank Governor
Elvira Nabiullina said on Friday, adding that monetary policy
would remain moderately tight.
Nabiullina also said the central bank was concerned about
the risk of unsecured consumer lending growing quickly, adding
that could hinder a slowdown in inflation.
Her comments come a week before the central bank next
decides on its key rate.
Economists polled by Reuters late last month expected a 50
basis point rate cut at the Sept. 16 rate meeting, citing
"The Bank of Russia's monetary policy remains moderately
tight and will be so in future," Nabiullina told a banking forum
in Russia's Black Sea resort of Sochi.
"That means that interest rates in the economy, including
the key rate, will be several percentage points higher than
Nabiullina called positive interest rates a "new reality" in
which the Russian economy would have to live for the foreseeable
future in order to develop.
She said the central bank was worried that the formation of
a structural surplus of liquidity in Russia's banking sector
would spur high-risk lending.
(Reporting by Kira Zavyalova; Writing by Alexander Winning and