This is stated on the website of the financial regulator.
“The Bank of Russia will assess the feasibility of reducing the key rate at the next meetings.
According to the forecast of the Bank of Russia, taking into account the ongoing monetary policy, annual inflation will be 14.0–17.0% in 2022, will decrease to 5.0–7.0% in 2023 and return to 4% in 2024,” — noted in the statement.
At the same time, it is clarified that at the moment inflation is developing significantly below the April forecast of the Bank of Russia.
As of June 3, annual inflation fell to 17.0% (after 17.8% in April).
“The latest data points to low current growth rates of consumer prices in May and early June,” the regulator said.
Earlier it became known that the Bank of Russia lowered the key rate to 9.5% per annum.