TASS59 minutes agoBusiness1 min readRussia
Bank of Russia projects key rate and inflation under pro-inflationary scenario
Quick Look
- The Bank of Russia projects the key rate at 14.5-14.6% in 2026 and 13-15% in 2027 under its pro-inflationary scenario, with inflation expected at 6-7% in 2026 and 4.5-5.5% in 2027, declining to 4% in 2028-2029.
- GDP growth is forecast at 0-1% in 2026, rising to 1.5-2.5% by 2029.
AI-generated summary
Why It Matters
The Bank of Russia released its economic projections under a pro-inflationary scenario, outlining expectations for interest rates, inflation, and GDP growth through 2029.
Font size
MOSCOW, August 31. /TASS/. The Bank of Russia projects the key rate at 14.5-14.6% in 2026, and at 13-15% in 2027 under its pro-inflationary scenario, the regulator said.
The key rate is projected at 11-12% in 2028, and at 8.5-9.5% in 2029.
The Central Bank also expects inflation at 6-7% in 2026, 4.5-5.5% in 2027, and at 4% in 2028-2029 under this scenario. GDP growth is projected at 0-1% in 2026, 1-2% in 2027, 0.5-1.5% in 2028, and 1.5-2.5% in 2029.
Open Questions
- What specific economic conditions trigger the pro-inflationary scenario?
- How do these projections compare to the Bank of Russia's baseline or alternative scenarios?
- What policy measures are anticipated to achieve these projections?
Related Topics
OrganizationsBank of Russia
PlacesMoscow
This article was originally published by TASS.
