Current data indicates a slowdown in inflation up to about 4%, corresponding to the level of the target of the central bank.
The Bank of Russia this week can significantly reduce the basic rate due to the slowing of inflation and the threat of economic backwardness. Bloomberg reported that there was a reference to his survey by economic specialists.
Most economists expect a reduction to a rate of 200 main points – up to 18%.
One of the experts predicts a deeper decline, while some survey participants are inclined to one step by 100-150 points.
Moscow Times later noted that the rate was reduced to 18%.
Current data indicates a slowdown in inflation up to about 4%, corresponding to the level of the target of the central bank. It provides grounds for a greater financial policy alleviation after the previous rate deduction from June from 21 to 20%.
Economic growth is limited by many industries supported by state costs, while the rest of the sector is experiencing unethical. Expensive loans reduce housing and cars, causing a reduction in furniture and wood.
Despite a low unemployment record of 2.2%, demand for labor has weakened, the rate of salary growth slows down. It can facilitate pressure on prices and stimulate the Russian bank to further reduce the rate.
Middle bank leader Elvira Nabiullina previously said that more aggressive softening is possible to be subject to faster slowing of inflation and growth than expected.
Remember that a review of the foreign economic state of the Russian Federation, published by Ukraine’s Foreign Intelligence Service, suggests that Russia could lose a financial pillow in 2026 due to rapid reduction of oil revenues.
Kubushka Kremlin reserves reduced to a minimum of 2019 – the media
Source: korrespondent
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