“In June and the first half of July, the first signs of easing inflationary pressures appeared.
This is still not enough to talk about a steady slowdown in inflation, ”TASS quoted her as saying.
She also noted that the key rate will return to the neutral range, which is estimated by the regulator at 5-6%.
“According to our revised forecast, next year the average key rate will be 6-7% per annum.
In the future, as inflation expectations decrease and inflation slows down, the rate will return to its long-term, neutral range.
We continue to estimate this range at 5-6% with inflation for the purposes of the Bank of Russia close to 4%, ”she said.
On July 23, the Board of Directors of the Bank of Russia decided to raise the key rate to 6.5% per annum.
In the second quarter of 2021, the domestic economy returned to pre-crisis levels, the Bank of Russia said.