Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
Moscow, February 13 /Xinhua/ — The Bank of Russia's Board of Directors on Friday cut the key rate by 50 basis points to 15.5 percent per annum.
"The economy continues to return to a balanced growth trajectory. In January, price growth accelerated significantly due to one-off factors. However, according to the Bank of Russia's estimates, the sustainable indicators of current price growth have not changed significantly. Once the impact of one-off factors subsides, inflation will resume its decline," the Central Bank of Russia explained in a press release.
"The Bank of Russia will assess the advisability of further key rate reduction at its upcoming meetings, depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations. The baseline scenario assumes an average key rate in the range of 13.5-14.5 percent per annum in 2026," the regulator stated.
According to the Bank of Russia's forecast, given the current monetary policy, annual inflation will decline to 4.5-5.5 percent in 2026.
“Sustainable inflation will reach around 4 percent in the second half of 2026. In 2027 and beyond, annual inflation will remain on target,” the Central Bank of the Russian Federation predicts. –0–
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.