The IMF has predicted a reduction in inflation in Russia

According to forecasts of the International Monetary Fund (IMF), inflation in Russia will fall to the target of the Central Bank of the Russian Federation of 4% in the first half of 2027. This was announced on June 12 at a briefing by the IMF's official representative Julie Kozak.

"Inflation remains high. In May, it was slightly less than 10%, but according to our forecasts, inflation will decrease in the future. We expect that by the end of this year, inflation will drop to 8.2%, and in the first half of 2027 it will reach the target level of 4%," TASS quoted her as saying.

As specified by "Gazeta.Kozak also stressed that inflation remains a challenge for Russia, so it is appropriate for the authorities to maintain a tight monetary policy.

Ice or flame: how much has the Russian economy cooled

Inflation, lending, and GDP figures indicate a slowdown, but unemployment and investment show economic growth.

On June 6, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the establishment of a high key rate in Russia had led to a significant slowdown in inflation. The head of the regulator added that the high key interest rates have become one of the main factors in strengthening the ruble.