OREANDA-NEWS The Bank of Russia still expects that inflation in the country will decrease to 4.0-4.5 percent in 2024 and will remain near this corridor in the future, follows from the regulator's message following the meeting of the board of directors, at which it was decided to leave the key rate at 16 percent.

The Central Bank maintained its forecast, stating that tight monetary policy was linked to the need to return the price growth rate in the Russian Federation to the target and stabilize near four percent.

The press release also noted that the inflation expectations of Russians and the price expectations of enterprises continue to decline, but still remain at elevated levels, which determines the "inertia of the current increased price growth."

Earlier it was reported that annual inflation in the week from March 12 to March 18 slowed in Russia to 7.58 percent. Over the week, prices in the country increased by 0.06 percent over the week.