The Bank of Russia lowered its key interest rate to 14.25% from 14.5%, a smaller cut than anticipated. Factors influencing the decision include increased war spending, Western sanctions, and a fuel crisis exacerbated by Ukrainian drone strikes on Russian refineries.
The Bank of Russia will revise its key rate forecast at the upcoming July Board meeting, announced Central Bank chief Elvira Nabiullina. She stated that while a specific figure cannot be given yet, more certainty is expected by the next meeting, with potential changes affecting the years 2026-2027.
Bank of Russia Governor Elvira Nabiullina stated that key rate decisions must be forward-looking due to lags in monetary policy's impact on the economy and prices. She noted declining price growth but acknowledged risks of future inflation acceleration, emphasizing the need for pauses to assess information and policy effects.
Bank of Russia Governor Elvira Nabiullina stated that the scope for further key rate reductions has diminished. The central bank recently cut its key rate to 14.25%.
Russia's Foreign Ministry warns NATO countries of a devastating response if Russia is attacked. Meanwhile, reports indicate a US-Israeli strike on a humanitarian aid aircraft in Iran, and attempted Ukrainian drone attacks on Moscow.
The MOEX index fell by 1.3% to 2,409.53 points following the Bank of Russia's decision to cut its key rate by 25 basis points to 14.25%. The ruble strengthened against the yuan, while the US dollar gained and the euro fell against the ruble.
The Bank of Russia has reduced its key interest rate by 25 basis points to 14.25% per annum. The decision comes as economic growth continues at a moderate pace, with underlying price growth edging down, though lending growth has accelerated. The regulator noted that a more accommodative fiscal policy may necessitate a higher key rate path in the future.
An expert believes the Bank of Russia will likely maintain its key interest rate at 14.5% during its upcoming meeting on June 19, citing global macroeconomic and geopolitical factors. While the market anticipates gradual easing, significant rate cuts are deemed improbable.
21 out of 23 experts surveyed by TASS predict the Bank of Russia will lower its key rate to 14% on June 19, citing falling inflation and a strengthening ruble. However, some analysts warn of accelerating monthly inflation and rising expectations.
Sollers Group CEO Nikolay Sobolev anticipates a recovery in the Russian automobile market during the second half of this year. He projects the market to reach approximately last year's level in 2026, with a key factor for this revival being a reduction in the key interest rate.
Russian President Vladimir Putin expressed optimism about future key rate reductions, citing successful measures against inflation. He believes professionals and investors should evaluate these developments.
Expert RA CEO Marina Chekurova predicts the Bank of Russia will cut its key rate by 50 basis points on June 19, with further gradual reductions to 12% by December. She noted the economic situation warrants a faster cut but warned external shocks or accommodative fiscal policy could slow easing.
A Russian lawmaker stated the Central Bank plans to cut its key rate to 13.5% at the next meeting. Meanwhile, reports indicate significant Ukrainian troop losses, shelling of Russian regions, and Russian control over African Corps strongholds in Mali. Other news includes US-Iran deal talks, French seizure of a tanker, and a large explosion over the US.
Russia will launch a new lending program for small and medium-sized enterprises (SMEs) in July with a limit of 150 billion rubles ($2.09 billion) and an interest rate equal to the key rate, Deputy Prime Minister Alexander Novak announced.
WASHINGTON, April 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its ...
Federal Reserve maintains its key interest rate steady while four officials vote against the decision, marking the highest number of dissenters in nearly 34 years.
Sberbank, Russia's largest bank, expects the Bank of Russia to cut its key rate to 12-13% by the end of 2026, Deputy CEO Taras Skvortsov said. The Central Bank will maintain a cautious approach to monetary policy easing amid persistent proinflationary risks.
The Bank of Russia chief noted that the regulator did not see any risks to the financial stability of the economy
The Bank of Russia cut its key rate by 50 basis points to 14.5% per annum at its Board meeting on Friday, with Governor Elvira Nabiullina indicating the range for further cuts in 2026 is narrowing. Inflation is expected to return to the 4% target in the second half of 2026, with the forecast for the year maintained at 4.5-5.5%. Nabiullina warned that inflationary risks have increased due to the Middle East conflict and potential fiscal policy changes, noting that a sharper rate reduction would require inflation to fall below target and unemployment to rise.
The Bank of Russia forecasts that total investments in the Russian economy this year will be comparable with last year's level, Central Bank chief Elvira Nabiullina said at a press conference. The central bank also lowered its key rate by 0.5 percentage points to 14.5% per annum, marking the eighth consecutive rate cut.
The Bank of Russia has lowered its key interest rate by 50 basis points to 14.5%. While domestic demand is aligning with supply capacity, the regulator remains cautious due to persistent inflation and external uncertainties.
The Russian ruble showed little volatility on the Moscow Exchange following the Bank of Russia's decision to reduce the key interest rate to 14.5%. This marks the eighth consecutive rate cut by the regulator.
At its previous meeting in March, the Bank of Russia cut the key rate for the second time in a row since the beginning of the year by 0.5 percentage points to 15% per annum
