Inflation Outlook Brightens for Russia

In a recent announcement, Russian Central Bank Governor Elvira Nabiullina shared optimistic projections for the country's inflation rates, anticipating a decrease starting in May. This comes after the bank decided to maintain its key interest rate at 21%, a move reflecting both hope and caution in the current economic climate.

Turning Point in Sight

"We passed the peak in the fourth quarter... But the turning point and the transition to a decline in annual inflation, in our opinion, will occur in May," Nabiullina explained. However, she also warned of a potential temporary increase in July, underscoring the importance of a measured approach to monetary policy.