Russia’s economy is facing dangers of ‘hypothermia’, warned today, Monday country Minister Maxim Resetnikovurging the central bank to take into account the deceleration of inflation At its meeting to set interest rates next week.

Faced with the persistent high inflation, Russia’s central bank has maintained its main interest rate at 21% since October, an attitude that has stifled investments Just when the financial support provided by increasing military spending begins to decline.

Speaking to the state dumm, the lower Parliament of the Russian Parliament, Reestnikov said that inflation was in recent weeks ranging in the range of 3-4% after re-calculated in annual terms.

“We expect that May data will consolidate this trend, and of course we expect that the Central Bank will take it properly in decision -making, as we also see risks of economic hypothermia in the current regime,” Resetnikov said.

The ministry provides for annual inflation for 2025 at 7.6%, an estimate that Resetnikov described as “realistic”.

Significant Russian exporters have reduced the scheduled volume of goods, such as metals and oil products, which they send rail, according to a Russian railway document that reuters saw last week, demonstrating the actual impact of the sluggish demand.

Many businesses in the industrial sector have complained about borrowing costs and some have limited their investment plans. The Ministry of Economy provides for economic growth 2.5% this year, compared to a forecast of 1-2% of the Central Bank.

The next meeting of the Central Bank to set interest rates is scheduled for June 6.