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Developing Update · Europe — Economy: live coverage

Russian Central Bank Cuts 2026 GDP Forecast and Expects Inflation

Governor Elvira Nabiullina announced the revision as a domestic fuel crisis drives up prices across goods and services.

By 25 Jul 2026 · 14:30 CET Updated 25 Jul 2026 · 14:30 CET

AI disclosure: Summarised from a single named source by an AI model with editorial rules; links to the original report.

According to Euronews, Russia's central bank has reduced its 2026 gross domestic product growth forecast to a range of zero to one percent. Central bank head Elvira Nabiullina stated that the institution also anticipates faster inflation driven by a fuel crisis that is pushing up prices for numerous goods and services in the country.

Source: Euronews. Read the original report ↗

Source ledger

  • This brief is based on reporting by Euronews.
    supports: Euronews