The Central Bank presented an updated draft of the PREP for the next three years

The Central Bank of Russia has sent to the State Duma an updated draft monetary policy for 2026 and the period 2027 and 2028. Information about this appeared on September 26 on the regulator's website.

"Compared to the first draft, the document takes into account the key rate decision made by the Bank of Russia on September 12, 2025, adds a Calendar of key rate decisions in 2026, and updates statistical and other information published between August 23 and September 18, 2025," the statement said.

It is clarified that the updated draft of the main directions of monetary policy presents a basic and three alternative forecast scenarios for the next three years.

Earlier, the project was reviewed by the Russian government and Russian President Vladimir Putin.

Minus to plus: the Central Bank regards the draft budget as disinflationary

How will the tax changes affect the regulator's policy on the key rate

Earlier, on September 24, the Central Bank announced the need for pauses in the work on reducing the key rate. It was clarified that in the future, decisions on the key rate will be made depending on the sustainability of the slowdown in inflation and the dynamics of inflation expectations. The Central Bank of the Russian Federation also allowed monetary conditions to tighten due to a reduction in the key interest rate.

On September 25, the head of the Bank of Russia, Elvira Nabiullina, positively assessed the draft budget for 2026. In particular, she noted the change in the standard rate of value added tax (VAT) from 20% to 22%, which is a positive factor and brings certainty to budget policy.

All important news is on the Izvestia channel in the MAX messenger.