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Analysts revise outlook for GDP, inflation in Russia — Central Bank

Analysts expect inflation to return to the 4% target in 2025 and remain at this level

MOSCOW, March 13. /TASS/. Analysts polled by the Bank of Russia in March revised upward their forecast for inflation and national GDP in 2024, according to the data published on the regulator's website.

The outlook for national GDP growth improved by 0.2 percentage points (pp) to 1.8% in 2024. Forecasts for years to follow stay unchanged.

The forecast for inflation was increased to 5.2%, up 0.3 pp against the poll in February. Analysts expect inflation to return to the 4% target in 2025 and remain at this level.

Key rate expectations for analysts were increased by 0.6 pp to 14.55 per annum. The forecast for the dollar is 91.2 rubles in 2024.

The Brent price is expected to be $80 per barrel on average.