19 June 2026 | Events
Bank of Russia, June 19th 2026 - The Central Bank of Russia (CBR) decided to cut its key interest rate by 25 basis points to 14.25% per annum. The decision comes as underlying inflation slows down to an annualized rate between 4% and 5%, while headline annual inflation cooled to 5.6% as of mid-June.
The Russian economy maintains a moderate growth trajectory, supported by rising consumer demand and a tight labor market with low unemployment. However, the CBR noted that household and business inflation expectations remain high, and credit growth has recently accelerated across both corporate and retail sectors.
Looking ahead, the regulator emphasized that a more stimulative mid-term fiscal policy will likely require a tighter monetary stance for longer. The Bank of Russia now projects annual inflation to fall to 4.5–5.5% by the end of 2026, before reaching its permanent 4% target in 2027.
Mir Business Bank
