The central bank reduced the forecast for Russian GDP growth in 2026 to 0.5-1.0%.

The central bank reduced the forecast for Russian GDP growth in 2026 to 0.5-1.0%.

The Central Bank of Russia reduced its GDP growth forecast for the Russian Federation in 2026 from 0.0-1.0% (in the July version) to 0.5-1.0%, according to the central bank's medium-term forecast, released following a board meeting, where it kept the key interest rate at 14.0%.