MOSCOW, July 26 Inflation in Russia will slow down significantly in the second half of 2024 under the influence of tight monetary policy (MP), said the head of the Central Bank of the Russian Federation Elvira Nabiullina.
«The inflation forecast for this year has been raised to 6.5-7%. These figures take into account the high accumulated inflation in the first half of the year and suggest its significant slowdown in the second half under the influence of tight monetary policy,» Nabiullina said on Friday at a press conference following a meeting of the regulator's board of directors on monetary policy.