MOSCOW, October 23. /TASS/. The Bank of Russia will make further decisions on the key rate depending on inflation dynamics and expectations, the Central Bank said after the Board meeting.
"The Bank of Russia will make further key rate decisions based on the dynamics of inflation and inflation expectations as well as the analysis of risks posed by domestic and external conditions. The baseline scenario assumes that the key rate will average 12.5-13.5% per annum in 2027," the regulator said.
"Given the monetary policy stance, annual inflation will return to 4.0% in 2027 and stay on target further on," the Central Bank added.