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2025-09-12 22:07:36
[The Central Bank of Russia expects inflation to return to 4% in 2026] "Given the monetary policy stance, the annual inflation rate will fall to 6% to 7% in 2025, return to 4% in 2026, and remain at the target level thereafter... The annualized rates of most potential inflation indicators are between 4% and 6%. As of September 8, 2025, the annual inflation rate was 8.2%," the Central Bank of Russia said. "In the medium term, inflation risks remain higher than deflation risks. The main inflation risks are related to the long-term above-balanced growth path of the Russian economy, higher inflation expectations and a deterioration in external trade conditions," the Central Bank of Russia said. If trade disputes escalate and global economic growth rates and oil prices fall further, this could have an inflationary impact through the dynamics of the ruble exchange rate, the Central Bank of Russia said, adding that geopolitical tensions remain an important uncertainty factor, while deflation risks include a more significant slowdown in domestic demand.
