EconomyHigher rate path may bring inflation to 4% in 2027, Bank of Russia says
The Bank of Russia said raising its projected key rate path for 2027–2028 would help return inflation to 4% in 2027. It noted that production capacity is recovering more slowly than expected and forecast fourth-quarter 2026 inflation of 7.1–7.6%.
Higher rate path may bring inflation to 4% in 2027, Bank of Russia says