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predictionThe government's planned substantial reduction of the structural primary deficit in 2027 and its return to zero in 2029 is an important, though not the only, condition for room to ease monetary policy and lower the rate in 2027 to materialize.Алексей ЗаботкинstatementThe tightness of monetary policy, which affects private demand, must be such that the combined effect of state demand and private demand matches production capacity and does not lead to high inflation.Алексей ЗаботкинstatementThe budget is a very important source of demand in the economy, and the parameters of budget policy and the timing and speed of deficit reduction are an integral part of the assumptions of the announced economic forecast of the Bank of Russia.Алексей ЗаботкинpredictionA planned reduction in the structural primary budget deficit is an important condition for lowering the key rate in 2027.Алексей Заботкин
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