Page 65 - Russia OUTLOOK 2024

The CBR admits additional tightening of its monetary policy for reaching inflation of 4% in 2024, the regulator’s Deputy Governor Alexey Zabotkin said on October 10 addressing the State Duma (lower house of the parliament).
According to the Central Bank’s projections provided in September, the key rate is expected to be 11.5-12.5% in 2024 (up from 8.5-9.5% in the previous forecast). In 2025, the regulator anticipates it to be 7-8% (up from 6.5-8.5% projected earlier). The forecast for 2026 has not changed, standing at 5.5-6.5%.
65 Russia OUTLOOK 2024 www.intellinews.com