The Bank of Russia six months later reduced the key rate by one percent

At the meeting Board of Directors of the Bank of Russia on June 6 The key rate was lowered to the level of 20 % per annum. How reports the press service of the regulator, The Russian economy is gradually “returning to the trajectory of balanced growth.”

Recall that the indicator was at the level of his historical maximum at 21 % since October last year. The last time it was extended on April 25.

In April, the current increase in prices for seasonality decreased to 6.2 % in terms of a year after on average 8.2 % In the first quarter. Annual inflation, according to June 2, slowed down before 9.8 %.

“The effects of a rigid monetary policy, including through the strengthening of the ruble, are especially reflected in a decrease in price growth for non-food products. In food products and services, inflationary pressure is still high.“, – reports on the website of the regulator.

The Central Bank expects inflationary pressure in the coming months Continue decline. According to the latest forecast, annual inflation will return to 4.0% in 2026 and will be on targets in the future.