THE HALFAX HEIMDALL AUGUR

Space for key rate reduction narrows, Central Bank says The Bank of Russia earlier slashed the key rate to 14.25% per annum

Russian Central Bank cuts key rate by 0.5% - financial-world.org Add as preferred source on Google SHARE © ANI News / Fair Use / Youtube channel On Friday, the Russian central bank decided to reduce the key interest rate by another half percentage point, to 15.5 percent. This measure comes as support for the economy, which after 2025 is slowly returning to a path of balanced growth. Governor Elvira Nabiullina explained that inflation accelerated at the beginning of the year due to one-time factors, but that it was a temporary phenomenon. During 2025, the central bank gradually reduced interest rates, from a peak of 21 percent until the end of the year, when the rate was 16 percent. Estimates show that inflation in 2026 should be between 4 and 5 percent. The bank's statement states that domestic demand is slowing, and business expectations also show a similar trend. "The economy continues to return to a path of balanced growth, and inflation accelerated significantly in January due to the increased rate of VAT and excise duties," the bank says. Core inflation, however, has not changed significantly and is expected to slow down again once the impact of one-off factors fades. Bankers…

Bloomberg projects reduction in Russian Central Bank’s key rate to 10% by end of 2027 Analysts expect the Bank of Russia to continue to ease monetary policy this year, but at a slower pace

Russia’s central bank cuts key rate to 14.25% <p>Russia’s central bank cut its key interest rate by 25 basis points, to 14.25%, the regulator announced on its website.<p>

Russian Central Bank Trims Key Rate, Sees a More Balanced Economy Ahead Feb. 13, 2026 Russian Central Bank Governor Elvira Nabiullina. Sergei Kiselev / Moskva News Agency Russia’s Central Bank lowered its key interest rate to 15.5% from 16% at its first rate-setting meeting of the year on Friday, continuing a streak of cuts that saw five reductions last year. Policymakers said in a statement announcing the decrease that the economy “continues to return to a balanced growth path” despite what they described as a “considerable” but temporary rise in the cost of goods in January after the government increased the value-added tax and expanded the number of small businesses required to pay the levy on consumption. While the Central Bank said it expects to reduce borrowing costs further this year, it wants to see evidence that inflation is moving closer to its target of 4%. According to the bank, inflation stood at 6.3% as of Feb. 9, down significantly from a year ago. Sofia Donets, chief economist at T-Bank, said policymakers on Friday gave their strongest signal for easing monetary policy since 2023 by keeping the door open for further rate cuts this year. “For now, this guidance is c…

Bank of Russia cuts key interest rate to 14% as inflation slows from ... Bank of Russia cuts key interest rate to 14% as inflation slows from wartime peak The ninth consecutive rate cut brings Russia's benchmark rate down from a peak of 21%, with inflation now hovering near 5% Share Add us on Google by Editorial Team Jun. 19, 2026 Russia’s central bank is set to lower its key interest rate to 14% at its June 19 meeting, continuing an aggressive easing cycle that has slashed borrowing costs from a wartime peak of 21%. The move would mark the ninth straight rate reduction, a pace that reflects just how dramatically Russia’s inflation picture has shifted over the past year. The Bank of Russia last cut rates on April 24, trimming 50 basis points to bring the benchmark to 14.5%. Market expectations point to another 50 basis point reduction at the upcoming meeting, which would land the rate squarely at 14%. From 21% to 14%: the long walk down Inflation hit 21% in 2025, driven by wartime military spending and the cumulative drag of international sanctions. As of April 20, inflation had fallen to 5.7%, a dramatic improvement from the 21% peak. The central bank now forecasts inflation sett…

The Bank of Russia has decided to reduce the key rate to 14.25% per ... On June 19, 2026, the Board of Directors of the Bank of Russia decided to reduce the key rate by 25 bps to 14.25% per annum. This is stated in the regulator's message. The economy continues to grow at a moderate pace after a temporary decline at the beginning of the year. The steady price growth, according to the Bank of Russia, has decreased slightly, but generally remains in the range of 4-5% in terms of the year. Lending growth has accelerated in recent months. Fiscal policy over a three-year horizon will be more stimulating than previously expected. This may require a higher trajectory of the key rate than was envisaged in the April baseline scenario, the Central Bank notes. The Bank of Russia will assess the expediency of further lowering the key rate at the next meetings, depending on the sustainability of the slowdown in inflation, the dynamics of inflation expectations, as well as on the assessment of risks from internal and external conditions. According to the forecast of the Bank of Russia, taking into account the current monetary policy, annual inflation will decrease to 4.5-5.5% in 2026. Stable …

Russian Central Bank Slashes Key Rate to 14.25% June 19, 2026 The Russian Central Bank building in Moscow. МТ Russia’s Central Bank lowered its key interest rate from 14.5% to 14.25% on Friday, marking its ninth consecutive cut since beginning a policy of monetary easing after previously hiking borrowing costs to a two-decade high to curb surging inflation. The 25-basis-point cut was a clear signal that policymakers are taking a more cautious approach in easing rates than initially anticipated, as analysts had broadly expected a larger, 50-basis-point cut. Inflation expectations remain high due to the global energy crisis sparked by the war in Iran, as well as Ukrainian drone attacks on Russian oil refineries and supply lines, which have led to a gradual uptick in gasoline prices and shortages in some parts of the country. Policymakers said in a press release that annual inflation stood at 5.6% as of June 15. Despite current pressures, the Central Bank maintained its forecast that inflation will cool to between 4.5% and 5.5% later this year, eventually hitting its 4% target in 2027. “Fiscal policy over the three-year horizon will be more accommodative than previously expected. Thi…

Expert RA expects Bank of Russia to cut key rate by 50 basis points at next meeting According to Marina Chekurova, the economic situation requires a faster and more substantial rate cut

Bank of Russia cuts key rate by 25 basis points to 14.25% per annum According to the regulator, economic growth continues at a moderate pace after a temporary decline at the beginning of the year

Russian Central Bank Slashes Key Rate to 14.25% The 25-basis-point cut signaled that policymakers remain more cautious than market watchers anticipated, as analysts had broadly expected a larger, 50-basis-point cut.

Russian Central Bank Slashes Key Rate to 16% - The Moscow Times Dec. 19, 2025 Russian Central Bank Governor Elvira Nabiullina. Alexander Avilov / Moskva News Agency Russia’s Central Bank cut its key interest rate by a modest half percentage point on Friday, bringing it down to 16% in what marks the fifth consecutive reduction this year. Policymakers have been cautious in easing the key rate after hiking it to a two-decade high of 21% in September 2024 to curb surging inflation, largely driven by huge military spending. In its statement on Friday, the Central Bank, repeating its past position, said it would maintain a tight monetary policy for a “prolonged period” as it tries to bring down inflation even as the economy slows amid high borrowing costs. Annual inflation stood at 5.8% as of mid-December and is expected to remain below 6% at least until the end of the year, which is two percentage points above the Central Bank’s target. Policymakers said they expect inflation to return to the target in the second half of 2026. The rate cut, like those before it, was widely anticipated, as a growing chorus of voices in Russia’s business community has warned that a combination of high in…

Bank of Russia to assess feasibility of key rate cut at July meeting Kirill Tremasov everything voiced in June remains relevant

Russian Economy Ministry notes potential for further key rate lowering The Board of Directors of the Bank of Russia resolved to reduce the key rate by 0.25 percentage point

Expert sees key rate likely remaining at 14.5% The Bank of Russia's board of directors will consider the key rate at its next meeting on June 19

Bank of Russia may cut key rate to 14% at Friday meeting — consensus forecast At its previous meeting in April, the Bank of Russia cut the key rate for the third consecutive time since the beginning of the year, lowering it by 0.5 percentage points to 14.5% per annum