ACRA predicted a return of inflation to 4–4.5% in December 2022
Annual inflation in Russia may return to 4-4.5%, approaching the target, only in December 2022, follows from ACRA's updated macro forecast prepared by the rating agency's chief macro analyst Dmitry Kulikov. Throughout most of next year, the monetary policy of the Bank of Russia will remain tight, but in the second half of the year it is quite possible to ease it quickly, according to ACRA.