Russian GDP growth in 2025, according to the Ministry of Economic Development, will be at least 1.5%. This was stated by the Minister of Finance of the Russian Federation Anton Siluanov at a meeting of President Vladimir Putin with members of the government.
“Indeed, if this year we see quite stringent conditions for the conduct of monetary policy, we see that the rates of economic growth will nevertheless be at least 1.5 percent, in any case, according to the Ministry of Economic Development, in this year,” said this year, “said the current year,” said Minister.
According to him, the balanced budget for 2026-2028 will be the basis for the Bank of Russia on mitigating monetary policy.
“The balanced budget will give more opportunities to the central bank so that the monetary policy will be softened, which means that credit resources will be more affordable, more resources will appear in sectors of the economy. Accordingly, this year this will give an additional impetus to socio -economic development, ”said Siluanov.
earlier Russian officials said that the Russian economy entered the cooler after high growth rates in the previous two years.
on October 25, 2024, the Bank of Russia increased the key rate by 200 basic points, to the record level – 21% annuals.
on July 25 of this year, the Bank of Russia reduced the key rate by 200 basic points, to 18%