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the key rate should be maintained at a slightly higher level of 8–9% for inflation to return to the target sustainably. This is needed

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Mr. Vladimir Chistyukhin First Deputy Governor of the Bank of Russia 7 8 The 2026 Program Training events: 1. New Financial Reality: DFAs, Digital Ruble,

11 8–13 8–13 – on organisations 11.8 7–12 8–13 8–13 – on households, including 2.8 5–10 8–13 8

560.8 -1,191.8 42.8 0.0 25.0 17.9 720.2 0.0 720.2 0.0 -2,105.8 2,