Bank of Russia releases long-term macroeconomic forecasts for 2026-2029
Quick Look
The Bank of Russia has released its baseline macroeconomic projections for 2026-2029, forecasting a gradual decline in the key interest rate to 7.5-8.5% by 2029, while targeting inflation of 4% starting in 2027.
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Why It Matters
The Bank of Russia provides periodic baseline scenario updates regarding key economic indicators to guide market expectations.
MOSCOW, August 31. /TASS/. The Bank of Russia projects the key rate at 14.5-14.6% in 2026, and 10.5-12.5% in 2027 under the baseline scenario, the regulator said.
The key rate is projected at 8-9% in 2028, and at 7.5-8.5% in 2029.
The Central Bank also expects inflation at 6-7% in 2026, and at 4% from 2027 to 2029 under its baseline scenario. GDP growth is projected at 0-1% in 2026, and 1.5-2.5% in 2027-2029.
Open Questions
- What specific geopolitical factors are assumed in this baseline scenario?
