Anton Siluanov, head of the Russian Ministry of Finance, said the country’s economy could grow by 2.5% or more this year. This has been reported CGTN.
According to Siluanov, according to the results of 2023, inflation in the Russian Federation is expected to be around 6 percent and will return to the 4 percent target of the Central Bank of Russia in 2024.
“If the economy shrank by 2.1 percent last year, we expect the economy to recover this year” <…> By 2.5%, maybe even higher,” stressed the country’s finance minister.
As Siluanov stated, it will be possible to recover the recent decline.
“The Central Bank and I will take every measure to ensure that inflation falls to the level we have planned,” said the head of the RF Ministry of Finance.
Before that, the Central Bank of Russia named A new average maximum rate for deposits at large banks. According to the regulator, from August 1 to August 10, this rate was 8.15%.
Previously, the Central Bank of the Russian Federation harshly raised up to 12% key rate in an unscheduled meeting.