俄罗斯央行在2024年4月的会议上连续第三次决定将基准利率保持在16%，维持了当前周期的峰值利率，但警告称，为了对抗通胀，限制性货币政策的必要时间将比之前认为的更长。国内需求的复苏继续超过俄罗斯经济的有限能力，维持了通货膨胀的上行风险，并保证了更长时间的利率峰值。持续的劳动力供应危机也加剧了这一点，这是由于男性工作年龄的散居国外以逃避军事动员。今年的通胀预期上调至4.3%-4.8%，然后在2025年降至4%，而CBR预计今年的利率不会降至15%以下。与此同时，央行表示，俄罗斯经济在第一季度以强于预期的水平扩张，促使政策制定者将今年的GDP增长率上调至2.5-3.5%。

The Bank of Russia held its benchmark interest rate at 16% for the third consecutive decision in its April 2024 meeting, maintaining the peak rate of the current cycle, but warned that restrictive monetary policy will be necessary for longer than previously thought to combat inflation. The recovery in domestic demand continued to outstrip the limited capacity of the Russian economy, maintaining upside risks to inflation and warranting an even longer period of peak interest rates. This was also magnified by the ongoing labor supply crisis as a result of the male working-age diaspora to escape military mobilization. Inflation expectations were upwardly revised to 4.3%-4.8% this year before easing to 4% in 2025, while the CBR does not expect the interest rate to drop below 15% this year. Meanwhile, the central bank stated that the Russian economy expanded at a stronger-than-expected level in Q1, driving policymakers to upwardly revise this year’s GDP estimate to a 2.5-3.5% growth rate.