Russia's Sberbank Worsens GDP And Inflation Forecasts

• 29.04.2026, 17:56

The key rate could fall to 12-13%.

Sberbank of the Russian Federation lowers its forecast for Russia's GDP growth in 2026 and raises its inflation forecast. This was reported to journalists by the deputy chairman of the board and financial director of the bank Taras Skvortsov, writes RBC.

The estimate of real GDP growth rates for 2026 has been lowered from 1-1.5 to 0.5-1%. As Skvortsov explained, the forecast is revised taking into account the observed dynamics of GDP and other macroeconomic indicators.

As for inflation at the end of the year, according to the bank's forecast, it will amount to 6-6.5% rather than 5-6%.

The bank also expects that against the background of the persistence of pro-inflationary risks, the Bank of Russia will maintain a cautious approach to the easing of monetary policy until the end of the year, the top manager continued. He cited Sberbank's internal estimates, according to which the key rate may fall to 12-13% by the end of 2026.