Zabotkin pointed to the connection between the rate of rate reduction and the slowdown in inflation.

The rate of rate reduction will be commensurate with the goal of achieving the 4% inflation target. This was announced on October 15 by Alexey Zabotkin, Deputy Chairman of the Bank of Russia (CBR), at a meeting of the joint working group in the State Duma.

"The rate of reduction of the Central Bank's rate will be commensurate with the task of returning inflation to the target of 4%," he said, according to Interfax.

According to Zabotkin, after inflation slows to 6-7% by the end of 2025, next year the economy will return to "persistently low inflation" at the target of 4%.

He noted that unemployment in Russia is at a historic low of 2.2%, but the "rigidity" in the labor market remains unprecedented. The deputy chairman added that the latest data show signs of "the beginning of a reduction in this rigidity."

According to Zabotkin, inflation has slowed down, but has not yet decreased to 4% in seasonally adjusted terms. He stressed that the stable components of price growth are in the range of 4-6% year-on-year, "seasonally adjusted."

The date of the new key rate meeting has been announced: what will the Central Bank decide

Experts do not expect drastic changes in the level of the "key"

Rosstat reported on October 10 that annual inflation in the Russian Federation in September 2025 was 7.98%, and monthly consumer prices increased by 0.34%. According to statistics, in August of the same year it was 9.46%, and on a monthly basis it was 0.4%, which indicates its decrease.

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