Nabiullina pointed to a slowdown in price growth with moderate economic growth in the Russian Federation.

In the first months of 2025, price growth in the country is slowing down, while the economy continues to grow at a more moderate pace. This was stated on March 28 by the head of the Central Bank of the Russian Federation, Elvira Nabiullina, in the preface to the annual report of the Central Bank.

"The first months of 2025 give reason to say that this balance is gradually being restored. Price growth is slowing down, while economic growth continues at a more moderate pace," she stressed.

Nabiullina attributed this to the expansion of production capabilities, while demand is becoming more balanced and does not lead to a further weakening of the ruble and inflation.

"In 2024, we overcame strong waves of new sanctions. The financial system has withstood these blows with dignity. The continuation of cross-border settlements was ensured. Banks remained stable and made a significant contribution to economic growth and the development of priority sectors through lending," the head of the Central Bank added.

Analysis of completed projects: ministries will create centers for productivity growth in industries

Why is this necessary and how else can the indicators be improved?

A day earlier, Alexey Zabotkin, Deputy Chairman of the Bank of Russia, said that the rapidly growing incomes of Russians could cause credit "overload." His report shows that over the past three years, incomes have increased for 65% of families, and for a fifth — 1.5 times.