Bank of Russia cuts the key rate by 50 bp to 14.50% p.a.

On 24 April 2026, the Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 14.50% per annum. Domestic demand dynamics have roughly corresponded to the economy’s capacity to ramp up supply of goods and services. However, measures of underlying price growth have not yet decreased and remain in the range of 4–5% in annualised terms, as estimated by the Bank of Russia. There is still significant uncertainty regarding the external environment and fiscal policy parameters.

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