The Central Bank of Russia said it will continue to take actions aimed at achieving annual inflation of 4%. “The return of inflation to the target in 2024 and its further stabilization around 4% implies a long period of maintaining tight monetary conditions in the economy,” the financial regulator said in a statement.
It is noted that, taking into account the current monetary policy, annual inflation will drop to 4.0–4.5% in 2024, and will be close to 4% in the future.