Bank of Russia outlines long-term key rate and inflation projections
Quick Look
The Bank of Russia has released its long-term economic projections, forecasting key interest rates, inflation, and GDP growth through 2029 under a disinflationary scenario.
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Why It Matters
The Bank of Russia provides periodic long-term economic forecasts to guide market expectations under specific policy scenarios.
MOSCOW, August 31. /TASS/. The Bank of Russia projects the key rate at 14.5-14.6% in 2026, and at 9-11% in 2027 under its disinflationary scenario, the regulator said.
The key rate is projected at 7-8% in 2028, and at 7.5-8.5% in 2029.
The Central Bank also expects inflation at 6-7% in 2026, 3-4% in 2027, and at 4% from 2028 to 2029 under this scenario. GDP growth is projected at 0-1% in 2026, 2.5-3.5% in 2027, 2-3% in 2028, and 1.5-2.5% in 2029.
Open Questions
- What specific external factors could deviate the economy from this scenario?
