Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Moscow, June 6 /Xinhua/ — The Board of Directors of the Bank of Russia on Friday decided to lower the key rate from 21 to 20 percent per annum.
“Current inflationary pressure, including persistent inflation, continues to decline. While domestic demand continues to outpace the ability to expand the supply of goods and services, the Russian economy is gradually returning to a balanced growth trajectory,” the Central Bank of the Russian Federation said in a press release.
The Bank of Russia predicts “a prolonged period of tight monetary policy.”
“Further decisions on the key rate will be made depending on the speed and sustainability of the decline in inflation and inflation expectations,” the Central Bank of the Russian Federation said in a statement.
According to the Bank of Russia’s forecast, given the current monetary policy, annual inflation will return to 4 percent in 2026. –0–