Nabiullina announced the passage of the peak of inflationary pressure in Russia in January

The peak of inflationary pressure in Russia was passed in January. This was announced on February 13 by the Chairman of the Central Bank of Russia, Elvira Nabiullina.

"In our opinion, the peak of inflationary pressure was indeed in January," Nabiullina said.

According to the head of the regulator, the rate of decline in inflation expectations is also important. She added that reducing inflation without slowing inflation expectations would reduce the space for monetary policy reduction.

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On February 13, the Central Bank of the Russian Federation lowered its key rate to 15.5% per annum. According to the regulator, the Russian economy continues to return to a balanced growth trajectory. Thus, the acceleration of price growth in January was due to one-time factors, and after their exhaustion, inflation will begin to decline again.

The head of the Ministry of Economic Development, Maxim Reshetnikov, announced on February 12 that the Russian economy would continue to slow down in the first half of this year, but the growth rate would recover in 2027. The minister also assured that the agency would update its economic growth forecasts for this year and the planned period.

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