The Central Bank admits the possibility of raising the key rate at the next meeting

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13:45; 13 September 2024 year
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Inflationary pressure remains high, the growth of domestic demand outstrips the possibilities of expanding supply, there is a high probability that inflation will exceed the July forecast by the end of the year, the Bank of Russia reports.

The Central Bank admits the possibility of raising the key rate at the next meeting, which will be held on October 25.

The Central Bank says that additional monetary policy tightening is needed to resume the disinflation process, lower inflation expectations and ensure that inflation returns to its target in 2025.

It became known earlier that