15.09.2025, 08:35
The Russian economy was predicted to slow down for one reason
Source: OREANDA-NEWS
OREANDA-NEWS By the end of 2025, the growth rate of the Russian economy may slow down by 1.5 percentage points (pp) due to the high key interest rate. This is reported by the Izvestia newspaper with reference to the consensus forecast of the surveyed analysts.
Experts called the high key rate of the Central Bank (CB) the main reason for the current slowdown in economic growth. For the vast majority of the first half of 2025, it remained at a record level of 21 percent per annum, which led to a decrease in production and business activity in the country.
Vladimir Chernov, an analyst at Freedom Finance Global, explains that the key consequences of tight monetary policy (DKP) were the restriction of investments and the cooling of lending. These factors alone, the expert emphasizes, "eat up" about 0.7-1.6 percentage points of economic growth. If the DKP remains tight in the second half of the year, adds economist Andrey Barkhota, the rate of GDP growth in the Russian Federation may slow down to 2 percentage points by the end of 12 months.
Experts called the high key rate of the Central Bank (CB) the main reason for the current slowdown in economic growth. For the vast majority of the first half of 2025, it remained at a record level of 21 percent per annum, which led to a decrease in production and business activity in the country.
Vladimir Chernov, an analyst at Freedom Finance Global, explains that the key consequences of tight monetary policy (DKP) were the restriction of investments and the cooling of lending. These factors alone, the expert emphasizes, "eat up" about 0.7-1.6 percentage points of economic growth. If the DKP remains tight in the second half of the year, adds economist Andrey Barkhota, the rate of GDP growth in the Russian Federation may slow down to 2 percentage points by the end of 12 months.
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