Overview

• Russia’s finance minister says the economy is moving onto a balanced growth path after a period of excess demand.
• He reports that demand pressures built up in 2023–2024 are steadily easing.
• The statement links moderating demand to the prospect of lower inflation and interest rates.
• The remarks were published on the IMF website in connection with the IMFC meeting on October 16–17.
• Anton Siluanov issued the assessment in his capacity as finance minister and Russia’s governor at the IMF, as reported by RIA Novosti on October 16.