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24 Mar, 16:44

Achieving inflation goal requires long-term tough monetary policy — Bank of Russia

According to the forecast of the Bank of Russia, annual inflation is expected to decline to 7-8% in 2025 and return to 4% in 2026

MOSCOW, March 24. /TASS/. A long-term period of keeping tough monetary conditions will be required to achieve the inflation target, the Bank of Russia said.

"Achievement of the inflation target will require the lengthy period of keeping tough monetary conditions in the economy. The Bank of Russia will consider analyzing the rate and consistency of the decrease of inflation and inflation expectations. If disinflation dynamics does not provide for achievement of the target, the Bank of Russia will consider the issue of increasing the key rate," the regulator said.

According to the forecast of the Bank of Russia, annual inflation is expected to decline to 7-8% in 2025 and return to 4% in 2026.