(Finance) – The Russian central bank he announced today that he had maintained interest rates stop at 21%. It announces it at the end of the meeting of today’s monetary policy, reporting that “the current ones inflationary pressures have decreased, but remain highespecially the basic ones “.
“The growth of internal demand – he adds – is still significantly higher than the ability to expand the offer of goods and services. However, the growth of loans remains contained and the propensity to save families remains high”.
The central bank believes that “the tightening of monetary conditions Create the necessary prerequisites for report the inflation to the target in 2026“, but” the achievement of the inflation objective will require a long period of maintenance of restrictive monetary conditions in the economy “. The Bank of Russia will therefore continue to” evaluate the speed and sustainability of the drop in inflation and inflation expectations “.
According to the forecasts of the Bank of Russia, given the orientation of monetary policy, Annual inflation will drop to 7.0-8.0% in 2025, it will return to 4.0% in 2026 And it will remain at the target level. If unflactionistic dynamics do not guarantee the achievement of the inflation objective, the central bank will take into consideration the increase in the rate of reference.
On the medium term horizon, the Fa force of inflationary risks is still up -oriented. The main pro-inflationary risks are associated with the continuous deviation to the rise in the Russian economy by a balanced growth path and the high inflation expectations, as well as the deterioration of foreign trade.