MOSCOW, December 10. /TASS/. Russian economy will grow by about 1% next year and the key rate may reach 12% by the end of 2026, Sberbank CEO Herman Gref said at the Investor Day.

"We expect restrained economic growth at the level of about 1%. Inflation pressure will weaken and will be closer to the regulator’s target," Gref said.

"We expect softening of the monetary policy in such environment. The key rate may reach 12% by the end of 2026," the chief executive added.