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monetary policy is to support price stability, that is, sustainably low inflation. Low inflation ensures a stable purchasing power of the national currency. Price stability

Competition for Undergraduate&Graduate Students and PhD Fellows-2019 1 March 2019 Conference Inflation: New Insights for Central Banks 6 July 2018 Workshop Macroeconomic Models for

s monetary policy aims to achieve sustainably low inflation in all Russian regions. More details on inflation in each region are available in information and

following a drop in long- term nominal yields. Breakeven inflation includes both inflation expectations and inflation risk and liquidity premiums. OFZ ZERO COUPON YIELD CURVE.

in measures of underlying inflation in July. The Bank of Russia will continue to pursue monetary policy to achieve sustainably low inflation. More details are

achieving net of the provisions made for them. Accrued interest receivable/ the inflation target. The key rate is set by the Bank of Russia payable

the Bank of Russia CPI seasonal adjustment specifications (2026) Trend inflation estimates and modified core inflation Seasonally adjusted dynamics of consumer price growth Dynamics of

in June–July 2026, with households’ inflation expectations and businesses’ price expectations increasing sharply in July. Analysts adjusted their inflation forecasts for 2026–2028 upwards.

the estimated long-term level of the nominal neutral interest rate. Inflation. The forecast range of inflation for 2026 has been raised to 6.0–7.