Reshetnikov noted the strengthening of the ruble and a decrease in inflation in Russia

At a meeting on the current economic situation, Russian Minister of Economic Development Maxim Reshetnikov noted the strengthening of the ruble and a decrease in inflation in the country. This was announced on Monday, June 16, according to the website of the Government of the Russian Federation.

The report clarifies that the inflation forecast for 2025 remains at 7.6%, but it is possible to adjust this indicator to below 7% while maintaining current dynamics.

Following the meeting, Deputy Prime Minister Alexander Novak instructed the federal authorities to analyze the dynamics of the development of the service sector and work out a set of measures to be applied when pent-up demand returns.

At the same time, the government expects further easing of monetary policy by the Central Bank of Russia, subject to appropriate market conditions.

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.

Julie Kozak, an official representative of the International Monetary Fund (IMF), said on June 12 that inflation in Russia would fall to the Central Bank's target of 4% in the first half of 2027. Kozak also stressed that inflation remains a challenge for Russia, so it is appropriate for the authorities to maintain a tight monetary policy.