Bank of Russia expects gradual cooldown of national economy — Central Bank chief

Business & Economy February 14, 2025, 17:11

The economic growth in total during the next three years will be the same as the Bank of Russia forecasted last October, Nabiullina added

MOSCOW, February 14. /TASS/. The Bank of Russia expects the national economy will gradually cool down as the budgetary policy normalizes, Central Bank chief Elvira Nabiullina said at the press conference after the Board of Directors’ meeting.

"We expect that the [economic] overheating will gradually diminish as effects accumulate from monetary conditions toughening and budgetary policy normalizing," she said.

The economic growth in total during the next three years will be the same as the Bank of Russia forecasted last October, Nabiullina added.

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