On July 18, 2019, the FINAM Information and Analytical Center held an online conference “The Russian Economy on the Eve of August.” During the conference, participants discussed the internal problems of the Russian economy, as well as the external economic conjuncture. In particular, the IMF’s lower outlook on Russia’s GDP growth in 2019 was discussed, the value of which was 1.2%. Also, a forecast was given on changes in the Bank of Russia interest rate. Thus, the adjustment of the forecast towards lower inflation in 2019, low income growth, as well as the strengthening of the Russian currency form the preconditions in favor of lowering the rate. The current forecast of changes in its value is 25 b.p.
The conference was attended by experts EDSG.