Новости

Bank of Russia Lowers Key Rate to 14.00% as Economy Grows Steadily

24 July 2026 | Events

Bank of Russia, Jule 24th 2026 - The Central Bank of Russia (CBR) officially announced its decision to reduce the country's key rate by 0.25 percentage points to 14.00% per year. This corporate adjustment follows a period of stable economic growth through the second quarter, during which core price increases stayed balanced between 4% and 5% annually. The central bank clarified that recent summer price spikes and public worries about inflation are mostly tied to temporary, passing factors rather than long-term economic shifts.

The regular policy roadmap projects that the key rate will average between 14.5% and 14.6% for the rest of 2026. It is expected to drop further to an average of 10.5%–12.5% during 2027. Due to high fuel costs, overall inflation is expected to reach 6.0% to 7.0% by the end of 2026. However, the regulator expects that current financial rules will bring inflation back down to its ideal target by 2027.

Some risks that could cause prices to rise faster still exist, such as local factory production delays and high wage growth outpacing actual work output. The central bank will decide on future key rates based on real price trends and everyday domestic and global market risks. The regulatory board plans to meet again for its next key rate update on 11 September 2026.

Bank of Russia Lowers Key Rate to 14.00% as Economy Grows Steadily