Bank of Russia expect an acceleration of the growth rate economy

The Department of Research and Forecasting of the Central Bank of Russia has published a document according to which a slight acceleration of the growth of the country's economy is expected to accelerate by the results of the 4th quarter and the 2nd half of the year. But it will be below the potential. At the same time, the Russian economy will grow at a faster rate early next year. The document also notes that the complex geopolitical situation, which can cause high volatility in financial markets, will contribute to the strengthening of inflationary risks. In the medium term, they will prevail over disinflationary risks. A short-term neutral rate may be higher than the long-term neutral rate. The conditions for entering the neutral range are complicated by the uncertainty factor. The analytical material outlined in the review may not coincide with the opinion of the Bank of Russia's management.