The Central Bank announced its determination to bring inflation to 4%

The Central Bank of Russia is determined to bring inflation to 4% and does not change its monetary policy. This was announced on March 1 by Kirill Tremasov, adviser to the Chairman of the Central Bank, at the Cbonds and Smart-lab conference.

"Nothing has changed regarding monetary policy in Russia. We remain firmly committed to bringing inflation back to the target and ensuring price stability. This is what society has entrusted to us. And we are not moving away from this one step. No matter what the strong headwinds are," he quotes Interfax.

According to him, the Central Bank predicts the peak of inflation in the Russian Federation in April–May of this year, then it will begin to decline.

He also noted that there is a possibility that inflation will return to 4% in 2026 and will remain at this level.

Time to slow down: expected inflation fell for the first time since September

But there's still no victory over rising prices

Earlier, on February 27, the head of the Central Bank of Russia, Elvira Nabiullina, noted that the current href="https://iz.ru/1845889/2025-02-27/nabiullina-nazvala-tekushchii-uroven-stavki-tcb-neobkhodimym-dlia-snizheniia-infliatcii " target="_blank">the key rate level of 21% is necessary to achieve the inflation target of 4%. She admitted that there is now a reversal of factors affecting the value of inflation in the Russian Federation, in particular, the Bank of Russia sees the first signs of cooling in the labor market.