The central bank raised its inflation forecast in the Russian Federation for 2026 to 7.1-7.6% and expects a return to 4% in 2027.

The central bank raised its inflation forecast in the Russian Federation for 2026 to 7.1-7.6% and expects a return to 4% in 2027.

The Central Bank of Russia raised its inflation forecast for 2026 to 7.1-7.6% from 6-7%, according to the central bank's press release following the board meeting.