Evgeny Goryunov expects the Bank of Russia to keep the key rate at its March meeting

Evgeny Goryunov, head of the Monetary Policy Department at the Gaidar Institute, expects a drop in the key rate no earlier than at the June meeting. The expert’s forecast is published by the RBC.

Evgeny Goryunov believes that now there are no obvious signs of economic slowdown, and budget expenditures, growth in lending and money supply with employment dynamics do not yet indicate a transition to normalization of the output gap. In a month and a half, by the April meeting, a visible reversal of macroeconomic trends is hardly possible, the expert concludes.

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Monday, 17.03.2025