12.06.2025, 18:48
The IMF estimated the inflation rate in Russia
Source: OREANDA-NEWS
OREANDA-NEWS Inflation remains a challenge for Russia, so it is appropriate for the country's authorities to maintain a tight monetary policy, said Julie Kozak, Director of Communications at the International Monetary Fund (IMF).
"The inflationary challenge for Russia remains, so it is appropriate that monetary policy remains tight," she told reporters at a briefing.
According to her, after overheating in 2024, the Russian economy is experiencing a slowdown in growth with "relatively high inflation."
"The central bank has indeed lowered its key rate from 21% to 20% for the first time... The actions taken by the Central Bank were a response to the slowdown in growth, as well as to some easing of inflationary pressures," the IMF representative said.
Kozak added that the IMF maintains the forecast for Russia's GDP growth in 2025 at 1.5%.
"The inflationary challenge for Russia remains, so it is appropriate that monetary policy remains tight," she told reporters at a briefing.
According to her, after overheating in 2024, the Russian economy is experiencing a slowdown in growth with "relatively high inflation."
"The central bank has indeed lowered its key rate from 21% to 20% for the first time... The actions taken by the Central Bank were a response to the slowdown in growth, as well as to some easing of inflationary pressures," the IMF representative said.
Kozak added that the IMF maintains the forecast for Russia's GDP growth in 2025 at 1.5%.
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