Russian central bank cuts GDP growth forecast to zero, expects faster inflation
The Central Bank of Russia expects inflation at 6–7% in 2026 "due to the significant increase in fuel prices that has already occurred". ADVERTISEMENT ADVERTISEMENT Previously, the regulator had expected it to slow to 4.5–5.5%. Inflation expectations among households, businesses and financial market participants have risen.
- ▪The Central Bank of Russia expects inflation at 6–7% in 2026 "due to the significant increase in fuel prices that has already occurred".
- ▪ADVERTISEMENT ADVERTISEMENT Previously, the regulator had expected it to slow to 4.5–5.5%.
- ▪Inflation expectations among households, businesses and financial market participants have risen.
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News World Russian central bank cuts GDP growth forecast to zero, expects faster inflation Central Bank of Russia chief Elvira Nabiullina expects that the recent acceleration of inflation in Russia will prove temporary. - Copyright Sputnik Copyright Sputnik By Mihhail Salenkov Published on 25/07/2026 - 16:06 GMT+2 Share Comments Add Euronews on Google Share Facebook Twitter Flipboard Send Reddit Linkedin Messenger Telegram VK Bluesky Threads Whatsapp Russia's central bank has cut its 2026 GDP forecast to 0.0-1.0% and expects faster inflation as the fuel crisis drives up prices for many goods and services, its head Elvira Nabiullina said. The Central Bank of Russia expects inflation at 6–7% in 2026 "due to the significant increase in fuel prices that has already occurred".
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