Zabotkin said there were no signs of hypothermia in the Russian economy

There are no signs of economic hypothermia in Russia, Alexey Zabotkin, Deputy Chairman of the Central Bank of Russia, noted on April 24.

He added that according to Rosstat, the dynamics of gross domestic product (GDP) in the first quarter is likely to be very different for the better from the figures of January-February.

"We are not talking about this yet, unemployment is at historical lows, inflation is still slightly above the target level, and real incomes of citizens continue to grow, there are no signs that the economy is on the way to hypothermia in the data," Zabotkin said at a press conference.

However, if such a situation arises and the economy needs support and incentives, the Central Bank of the Russian Federation will again pursue a soft monetary policy (DKP), as it was in 2020, said the deputy chairman of the Central Bank of the Russian Federation.

Spring optimism: enterprises believe in the growth of the Russian economy

At the same time, the situation remains difficult, and expectations, rather than current results, are growing first of all.

Chairman of the Central Bank of Russia (CBR) Elvira Nabiullina noted that the accumulated monetary policy rigidity should ensure that inflation returns to the target level of 4% in the second half of 2026. According to her, the regulator has maintained its forecast for price growth for the current year in the range of 4.5–5.5%.