Russian Central Bank Governor Elvira Nabiullina stated on Friday that inflation is expected to decrease starting in May.
Speaking in Moscow after the bank kept its key interest rate steady at 21%, she noted that while inflationary pressures are subsiding, a cautious approach remains essential.
"We passed the peak in the fourth quarter... But the turning point and the transition to a decline in annual inflation, in our opinion, will occur in May," said Nabiullina, adding that a temporary uptick could still happen in July.
