The Bank of Russia lowered its inflation forecast in Russia to 11-13% in 2022. “According to our forecast, annual inflation will be 11.0–13.0% in 2022, and, taking into account the ongoing monetary policy, will decrease to 5.0–7.0% in 2023 and return to 4% in 2024” , — reports the Central Bank in Telegram. It is also noted that the Central Bank lowered the key rate to 7.5% per annum. On July 22, the Central Bank lowered the inflation forecast in Russia to 12-15% by the end
“According to our forecast, annual inflation will be 11.0–13.0% in 2022, and, taking into account the ongoing monetary policy, will decrease to 5.0–7.0% in 2023 and return to 4% in 2024” , — reports the Central Bank in Telegram.
It is also noted that the Central Bank lowered the key rate to 7.5% per annum.
On July 22, the Central Bank lowered the inflation forecast in Russia to 12-15% by the end of 2022.