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20.06.2025
FROM JUNE 9, 2025, THE KEY RATE OF THE CENTRAL BANK OF THE RUSSIAN FEDERATION IS 20% PER ANNUM
The Board of Directors of the Bank of Russia lowered the key rate to 20.00% per annum (by 100 basic points). It is worth reminding that since October 28, 2024, the rate has been kept at 21%.
The Central Bank explains its decision by the fact that current inflationary pressure, including persistent inflation, continues to decline. Despite the fact that domestic demand still outstrips the possibilities of expanding the supply of goods and services, the Russian economy is gradually returning to a balanced growth trajectory.
The Bank of Russia will maintain the tightness of monetary conditions that is necessary to return inflation to the target in 2026. This means a prolonged period of tight monetary policy. Further decisions on the key rate will be taken depending on the speed and sustainability of the decline in inflation and inflation expectations. According to the Bank of Russia's forecast, annual inflation will return to 4.0% in 2026 and will remain on target thereafter, given the monetary policy being pursued.
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