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01.03.2024
THE KEY RATE IS KEPT AT 16% PER ANNUM
On February 16, 2024, the Bank of Russia decided to keep the key rate at 16% per annum.
The return of inflation to target in 2024 and its further stabilisation around 4% envisage a long period of tough monetary conditions in the economy. As forecasted by the Bank of Russia, annual inflation will reduce to 4-4.5% in 2024 and will be close to 4% later on.
 

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