Unemployment rose in Central Bank.
The Central Bank of the Russian Federation predicts that by the end of the year inflation in Russia could reach 23%. This is stated in the report of the Central Bank on monetary policy, according to Russian media with reference to the regulator.
28.9%.
However, the Central Bank noted that the fall of the ruble was almost entirely reflected in prices (ie, until the exchange rate changes for the worse, one factor in favor of inflation less).
< The Central Bank is optimistic that the Russian economy will go most of the way to adapt to sanctions by mid-2023. By this time, new markets will be formed, and there will be reserves to localize production. Although in a report, the Bank of Russia allowed rising unemployment due to the structural development of the labor market.
Read also: Expert on the attempt to introduce the ruble in the Kherson region: it will be recognized as a crime Earlier it was reported that many experts believe that it is the oil embargo that will “bury” the Russian economy , although Russia still believes that this is not the case.
It will be recalled that the Central Bank of the Russian Federation is determined to return its international reserves.
