SOCHI, Sept 26 (Reuters) - Russia's central bank does not rule out another hike of its benchmark interest rate at its next rate-setting meeting on Oct. 25, governor Elvira Nabiullina said on Thursday.

She said such an increase would help the regulator in achieving its inflation target of 4% in 2025. Earlier this month, Russia raised its official forecast for inflation in 2024 to 7.3%.

"Do not expect the central bank to allow the country to have high inflation," Nabiullina said.

The regulator raised its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting, stating that inflation remained stubbornly high and action was needed to reduce it.

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https://www.reuters.com/markets/europe/russias-central-bank-does-not-rule-out-another-rate-hike-october-2024-09-26/