Bank of Russia improves economic forecast ...News

The regulator expects the country’s GDP to increase by up to 2% this year and return to 2021 growth levels next year The Bank of Russia kept the key interest rate unchanged and improved the country’s economic growth forecast at a regulatory meeting on Friday. The key rate has been kept at 7.5% amid falling inflation and lower inflation expectations, as well as the swift growth of economic activity. The rate has remained unchanged since September of last year. “Economic activity is growing faster than the Bank of Russia assumed in February’s forecast. This reflects both an expansion in domestic demand and the ongoi

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