OREANDA-NEWS The rigidity of monetary conditions is sufficient to reduce inflation in the Russian Federation to the target in 2026, according to the summary of the discussion of the key rate of the Bank of Russia.

"The tightness of monetary conditions is sufficient to reduce inflation towards the target in 2026," the document says.

According to the regulator's materials, a slowdown in the growth of the loan portfolio will ensure a further cooling of domestic demand and return the economy to a balanced growth trajectory and inflation to the target.