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.
The Bank of Russia purchased yuan on the domestic market with settlement on June 16, 2026, for 5.3 billion rubles ($73.11 million). Similar purchases were made on June 15.
The Bank of Russia purchased yuan on the domestic market with settlements on June 11, 2026, for 5.3 billion rubles ($73.08 million). This follows a purchase of 5.2 billion rubles ($71.70 million) on June 10.
Bank of Russia bought 1.2 billion rubles worth of yuan on June 3 and 4, 2026, on the Moscow Exchange.
The Bank of Russia announced it purchased yuan on the domestic market for 1.2 billion rubles ($16.3 million) with settlements on June 3, 2026. The central bank also made a similar purchase for 1.2 billion rubles on June 2.
The Bank of Russia has increased the official exchange rates for the US dollar, Euro, and Chinese yuan for June 5, 2026. The dollar rate rose by 95.2 kopecks to 74.2956 rubles, the euro by 1 ruble 14.69 kopecks to 86.2712 rubles, and the yuan by 12.74 kopecks to 10.9536 rubles.
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.
The Bank of Russia purchased 1.2 billion rubles ($16.64 million) worth of yuan on the domestic market with settlements dated May 29, 2026. Similar operations were conducted on May 28.
The Bank of Russia stated in its Financial Stability Review that the national financial sector is highly stable and continues to fund the economy seamlessly. Existing vulnerabilities, such as corporate credit risks and household debt, are noted but not considered critical.
The Bank of Russia's National Payment System Department Director, Alla Bakina, stated that Visa and Mastercard cards should exit the Russian market as they no longer offer their previous functionality. She noted that the share of these cards has fallen to less than 17%, with banks gradually replacing them with alternatives like Mir cards.
Russia's non-cash payments are projected to surpass 90% by the end of 2026 or early 2027, according to Alla Bakina of the Bank of Russia. No significant increase in cash demand has been observed, while non-cash payments already reached 88.9% of retail turnover in Q1 2026.
The Bank of Russia has filed a claim with the General Court of the European Union to challenge an EU regulation that allows for the use of immobilized Russian assets to repay loans to Ukraine. The Bank argues this constitutes an illegal expropriation and violates international law.
An expert notes the European Commission's upgraded GDP forecast for Russia acknowledges its economic resilience but may overstate growth, contrasting it with more realistic Russian assessments.
Euroclear has decided to keep the Bank of Russia's assets frozen, citing that the Russian Central Bank's claim against Euroclear Bank is not recognized under EU law. Euroclear also stated it does not recognize the court's jurisdiction.
Russia's GDP is projected to decrease by 0.2% in the first quarter of 2026 compared to the same period last year, according to a preliminary estimate by the Federal Statistics Service (Rosstat). This follows a confirmed 1% growth in 2025.
The regulator lowered the official euro exchange rate by 1 ruble 16.99 kopecks to 87.3791 rubles
The official euro exchange rate was increased by 65.93 kopecks to 88.549 rubles
The volume of foreign currency sales on the domestic market with settlements on May 6 amounted to $185.95 mln
The official euro exchange rate was lowered by 17.03 kopecks to 87.8897 rubles
The regulator also forecasts GDP growth in the second quarter of 2026 at 0.9%
The Central Bank did not sell yuan on the domestic market with settlements on May 5
According to the regulator, high inflation indicates that the economy is growing beyond its capacity, essentially "to the point of exhaustion," using up its available production and labor resources
The official euro exchange rate was lowered by 28.63 kopecks to 88.06 rubles
