The head of the Russian Union of Industrialists and Entrepreneurs allowed the reduction of the Central Bank's key rate to 13% by the end of the year

The accumulated cooling effect of the Russian economy requires a change of course towards sustainable growth. This statement was made on January 22 by Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP).

"On the other hand, we understand that 2026 will also be a difficult year. Although we expect that the key rate will gradually decrease, and by the end of the year it will be about 13%. But the accumulated cooling effect of the economy already needs to be turned towards sustainable growth," Shokhin told RIA Novosti.

He also stressed that by 2025, Russian companies have demonstrated a high degree of flexibility and the ability to cope with various challenges, including external economic factors and complex internal financial policies. In particular, this concerns the high key interest rate and the reduction in budget momentum, which has created additional difficulties for entrepreneurs.

While the Central Bank is hitting 12: in 2026, the key rate will remain in double digits

It will not be reduced quickly, even though inflation is close to the target — is it worth carrying money for a deposit or buying an apartment

At the end of 2025, Shokhin noted the expectation of business in the Russian Federation of inflation at 4.5% by the beginning of 2026. According to the head of the Russian Union of Industrialists and Entrepreneurs, in order to activate investments, the rate should be below 12%, and in the future it will be close to single digits, which will have a positive impact on the development of the economy.

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