The Russian Central Bank kept its key rate at 16% for the second time in a row. The annual growth rate of consumer prices in the country still remains high and fluctuates around 7.7%.
By the end of 2024 it should drop to 4-4.5%. Read more in RT's material. The full accumulated effect of increasing the key rate will manifest itself in a slowdown in price growth in 2024,” follows from the regulator’s annual report for 2023.