Russian Inflation Trends Downward by May, Says Central Bank

Moscow, Russia - Elvira Nabiullina, the Governor of the Russian Central Bank, announced on Friday that inflation is anticipated to start decreasing from May onwards. This statement came after the bank decided to maintain its key interest rate at a steady 21%.

Nabiullina emphasized the importance of a cautious approach despite the easing of inflationary pressures. "We have surpassed the peak in the fourth quarter... However, the pivotal moment leading to a decrease in annual inflation is projected for May," she explained. She also cautioned about the possibility of a temporary increase in July.