ALMATY, June 25. /TASS/. The Eurasian Development Bank (EDB) has lowered its forecast for Russia’s GDP growth for 2026 from 1.4% to 1%, while in 2027 the country’s economy is projected to grow by 1.5%, according to a macroeconomic forecast seen by TASS.

The Russian economy is expected to shift to recovery in the second half of 2026, with growth projected to accelerate to 1.8% in 2028.

The Russian Central Bank’s key rate will reach 12% per annum by the end of 2026, potentially declining to around 10% by the end of 2027, according to the development bank’s analysts. "The Bank of Russia will maintain a cautious approach to prevent a renewed acceleration of inflation," the forecast reads.

Inflation in Russia is also projected to slow to 5.3% by the end of this year, while in 2027-2028 it will stand at around 4.7%.

Analysts expect the average exchange rate of the national currency in 2026 at 76 rubles per dollar. Over the following two years, the rate is expected to weaken to an average of 89 rubles per dollar.