The Central Bank of Russia plans to support the same strict financial conditions required to restore inflation at the target level by 2026.
The central bank of the Russian Federation for fourth time in a row maintains a major rate of 21%, as inflationary pressure remains high and a significant deterioration in foreign trade conditions that occurred – against the background of trade wars, oil prices fell. Reuters reported it.
Earlier, analysts predicted that the rate would remain at 21%level, as new external risks require caution and strict financial policy.
The Central Bank of Russia plans to support such strict financial conditions required to restore inflation to the goal of 2026.
This means a long time of a strict financial policy. Subsequent decisions at the main rate will be made depending on the speed and stability of reducing inflation and inflation expectations, the publication says.
As the analysts suggest, the central bank of the Russian Federation has not changed inflation forecasts and expects its decline to 7.0-8.0% in 2025 and 4.0% in 2026.
Earlier it was reported that in the Russian Federation, food prices rose to a 9-year maximum. According to the results of 2024, inflation in Russia has accelerated by almost a third.
Russians widely complained about inflation
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.