The Central Bank of Russia reduces interest rates for the first time since 2022

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The Central Bank of Russia has been cut since 2022 since 2022, since 2022, from 20 percent to 20 percent, its main interest in its main percentage.

“The domestic demand continues to expand the economy to expand the supply of goods and services, but Russia gradually returns to a more balanced way of growth,” he said.

Most of the most economists elected by Bloomberg are expected after inflation, and the end of the two-year GDP growth is burned with war spending.

9.8 cents in annual inflation in the annual inflation, after several elongation of several years of growth, several economists explained their material times.

“CBR said the main attention was a continuous landing of inflation,” he said, Head of Macroeconomic Analysis in Moscow’s Moscow-based FINAM on Friday.

However, the bank stressed the beginning of the rapidly reduction of the ratios, which is “It will keep them harshly,” in 2026 to return inflation in 2026.

CBR noted that although inflation risks are slightly lighten, the forces that still cause consumer prices for the forefront.

The bank “very difficult in a very difficult place.” Although inflation is easier, the power of staying, non-food prices fall, but food costs are still disappeared and the most poor.

Since the summer of 2023, the Russian economy operates hot with the government’s military-connected spending. CBR Governor Elvira Nabiullina was previously asked to “if he moved at full speed” a car, saying the situation could continue to “full speed.”

Since the beginning of the full-scale war against Ukraine, the CBR has been 21 percent percentage interest rates for 21 percent percentage interest rates on a record level of interest rates on a record level of inflation and inflation.

However, high debt expenses were aggravated at both enterprises and consumers. “Retail lending stood mainly, and the growth of corporate lending has become minuskala, but it was a pill,” said Moscow’s senior economist Oleg Couzmin.

Now the problem is a cooling economy. “This is inevitable, but in March, President Vladimir Putin warned.

In the first quarter of 2025, Russia’s GDP only increased by 1.4 percent of GDP. The regulatory growth of the quarterfold quarter was negative since 2022.