The Russian Central Bank cut its key interest rate by 25 basis points to 14.25%, according to corroborated reports. Other sources report the rate was lowered to 15.5%. At its previous meeting in April, the Bank of Russia cut the key rate by 0.5 percentage points to 14.5% per annum, according to TASS. Financial-world.org reported that the Russian central bank decided to reduce the key interest rate by another half percentage point, to 15.5 percent. Financial-world.org also reported that domestic demand is slowing, business expectations show a similar trend, core inflation remained unchanged, and inflation in 2026 is estimated to be between 4 and 5 percent. Financial-world.org further stated that the Russian central bank gradually reduced interest rates from a peak of 21 percent to 16 percent by the end of 2025.