
Bank of Russia Maintains 2026 GDP Forecast at 0.5-1.5% on June 3
The Bank of Russia on June 3 kept its 2026 GDP growth forecast unchanged at 0.5-1.5% following the April rate cut to 14.5%. The economy has shown cooling in early 2026 amid tax adjustments and other factors. The next policy meeting is scheduled for June 19, with markets pricing in further easing. New US sanctions legislation advanced in Congress on June 3.