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Analysts raise forecast for Russia's GDP, inflation in 2026, raise estimate of neutral rate level for first time in long period - CBR survey

Analysts have raised the forecast for Russia's GDP growth in 2026 to 0.6% from 0.5% previously and raised the forecast for inflation to 7.1% from 6.6%, according to a survey conducted by the Central Bank of Russia. Expectations for the average key rate in 2026 also rose slightly, to 14.6% from 14.5%. GDP growth is forecast at 1.2% in 2027 (forecast unchanged), 1.6% in 2028 (previously 1.7%), and 1.8% in 2029 (expectations unchanged). [...]