Talking Trends: economic growth moderates
15 октября 2024 года
Новости
Most statistical data and surveys point to slower economic growth, driven by both demand and supply factors. A gradual cooling is seen in lending; employers’ demand for new jobs is declining and households are showing a higher propensity to save.
Despite a certain cooling in August, consumer demand is stubbornly high, sustaining inflationary pressure. Seasonally adjusted monthly price growth remains high.
To put the economy on a sustainable disinflationary path and bring inflation back to target, tight monetary conditions will have to be maintained for a long period of time.
More details are presented in Talking Trends, a Bank of Russia bulletin.