Latest Statement
🕊️ Dovish
Summary of the Discussion on the Key Rate
2025-12-29
The Central Bank of Russia's discussion highlighted a recent decline in inflation rates, with expectations for year-end inflation to fall below the previously forecasted range. Participants noted volatility in price growth, driven by fluctuations in specific commodity prices, and agreed that monetary policy adjustments may be necessary to address evolving economic conditions.
- Current inflation rates decreased to 4.6% year-on-year in October-November 2025, down from 6.6% in Q3 2025.
- Inflation expectations among businesses and the public have risen, despite a general decline in year-end inflation forecasts.
- Economic growth accelerated in Q4 2025, with improvements in business climate indicators and nominal wage growth.
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"Based on the analysis of data and its comparison with the October forecast of the Bank of Russia, the majority of participants expressed support for a reduction of the key rate by 50 basis points to 16.00% per annum."
⚡ Rate Cutmp_interest_rate
"However, the majority of participants suggested lowering the key rate by 50 basis points."
⚡ Rate Cutmp_interest_rate
"As a result of the discussion, the Board of Directors of the Bank of Russia lowered the key rate by 50 basis points to 16.00% per annum on December 19, 2025."