ЦБ признал стагфляцию. Когда включат "печатный станок"

The Central Bank has acknowledged stagflation. When will the "printing press" be turned on? We examine the Bank of Russia's new decision and its implications. Why could a rate cut trigger a new wave of inflation, and who will ultimately pay for the record budget deficit? The Bank of Russia has lowered its key rate to 14%, simultaneously worsening its macroeconomic forecast. The regulator raised its inflation forecast, lowered its growth expectations, and effectively acknowledged that the Russian economy is entering stagflation—a combination of high inflation and near-zero economic growth. In this issue, we examine why the fuel crisis is already changing the economic picture, how higher utility rates could exacerbate price increases, why the federal budget deficit could exceed 8 trillion rubles, and how the state plans to finance it after the collapse of the OFZ market. We will also discuss the role of state-owned banks, new bond issues, and whether this signifies the launch of hidden money creation—the aforementioned "printing press." If you're interested in a professional analysis of the Russian economy without propaganda and slogans, subscribe to the "Money on Freedom" channel, like it, and share your opinion in the comments. Timecodes: 00:00 Introduction 01:10 Why the Central Bank downgraded its forecast 04:15 Russia officially enters stagflation 07:15 Budget deficit exceeds 8 trillion rubles 10:20 Who will pay for the "printing press" #NewsOfTheDay #July27,2026 #RussianEconomy #CentralBanker #Nabiullina #Stagflation #Inflation #PrintingPress