The Central Bank of Russia’s Talking Trends bulletin reports moderate economic expansion in July and August despite temporary production disruptions, with performance remaining mixed across sectors. Seasonally adjusted consumer price growth slowed in September compared with the summer months but remained markedly above target. The central bank said the key rate path will require careful calibration to secure a sustained slowdown in price growth and return inflation to 4% in 2027.
Central Bank of Russia reports moderate but uneven growth and persistently above-target inflation
The Central Bank of Russia reports moderate but uneven economic expansion and a September slowdown in consumer price growth. Inflation nevertheless remained markedly above target, requiring careful calibration of the key rate path to return it to 4% in 2027.