The head of VTB Kostin expects a decrease in inflation in Russia to 4% in 2026
President-Chairman of VTB Bank Andrey Kostin believes that the inflation rate will decrease to 4% in 2026. He announced his forecast on the air of the TV channel “Russia 24”.
28.02.2025
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VTB believes that in 2025 the profit of Russian banks will decrease by 15-20%
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Olga Skorobogatova appointed first deputy chairman of VTB board
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VTB CEO Kostin expects key rate to fall to 19% by the end of the year
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Gref expects the reversal of monetary policy of the Central Bank
18.03.2025
The head of VTB Kostin does not expect a strong strengthening of the ruble in the near future
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In the state Duma introduced a draft law on raising the age of conscription
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VTB: In 2025, the key rate will remain at 21%.
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📝 Summary
President-Chairman of VTB Bank Andrey Kostin believes that the inflation rate will decrease to 4% in 2026. He announced his forecast on the air of the TV channel “Russia 24”.
According to the head of VTB, a slowdown in corporate lending is expected. Also, a slight decline is forecast in retail lending, excluding special mortgage programs. “Of course, we will not have any collapse or any crisis situation. We will have such a systematic slowdown of the economy in order to overcome inflation and reach that target of 4% in 2026, Kostin said. Earlier, Andrei Kostin suggested that the key rate will decrease to 19% by the end of 2025.
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