ivan.digital / tech.blog / tech.pulsar /
August 28, 2026 at 05:28 UTC
🇷🇺

Central Bank of Russia

RUB · Official Website

Latest Statement

🦅 Hawkish
Bank of Russia cuts the key rate by 50 bp to 16.00% p.a.
2025-12-19

The Bank of Russia has decided to reduce the key interest rate by 50 basis points to 16.00% per annum as the economy shows signs of returning to balanced growth. While inflation expectations have increased, the central bank maintains a tight monetary policy to ensure inflation returns to its target range in the coming years.

⚡ Rate
↑0 ↓1 →0
🔮 Guidance
↑2 ↓0
📝 Classified Sentences
🔮 Guidance Hawkishmp_interest_rate
"The Bank of Russia will maintain monetary conditions as tight as required to return inflation to the target."
🔮 Guidance Hawkishmp_interest_rate
"This means that monetary policy will remain tight for a long period."
⚡ Rate Cutmp_interest_rate
"On 19 December 2025, the Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 16.00% per annum."

Bank Profile

Mandate
Price stability (4% CPI), financial stability
Decision Types
Key rate, Reserve requirements, FX interventions
Policy Instruments
Key rate, Standing facilities, Open market operations, FX operations
Target Indicators
CPI inflation (4%), Inflation expectations, Credit growth, Ruble exchange rate
Communication Style
Detailed statements, monetary policy report, press conferences with Governor
Committee
Board of Directors - 15 members (Chair + 14 Board members)

Economic Indicators

Policy Rate14.00%
USD/RUB85.32
GDP Growth0.2%
M2 Growth24.4%
10Y Yield7.62%
2y10y Spread-7.46%
HISTORICAL TRENDS
Policy Rate
21.014.0
FX Rate
85.378.7
CPI
13.72.88
GDP
5.87-2.65
10Y Yield
11.67.62
Stance
1000.00

Key Commodities

Top traded commodities for Russia

Commodity Price 1D 30D
Brent Crude Oil 88.24 USD/barrel -4.8% +5.4%
Wheat 228.74 USD/mt +14.6% +1.2%
Natural Gas (EU) 17.93 USD/MMBtu +18.8% +88.1%

Recent Statements

Summary of the Discussion on the Key Rate 🕊️ Dovish
2025-12-19
⚡ Rate
↑0 ↓3 →0
📝 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."
Summary of the Key Rate Discussion 🕊️ Dovish
2025-10-24
⚡ Rate
↑0 ↓1 →0
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"on 24 October 2025, the Bank of Russia Board of Directors decided to cut the key rate by 50 bp to 16.50% per annum"
Bank of Russia cuts the key rate by 50 bp to 16.50% p.a. 🦅 Hawkish
2025-10-24
⚡ Rate
↑0 ↓1 →0
🔮 Guidance
↑2 ↓0
📝 Classified Sentences
🔮 Guidance Hawkishmp_interest_rate
"The Bank of Russia will maintain monetary conditions as tight as necessary to return inflation to the target."
🔮 Guidance Hawkishmp_interest_rate
"In the baseline scenario, this also implies an average key rate in the range of 13.0–15.0% per annum in 2026 and means a long period of tight monetary policy."
⚡ Rate Cutmp_interest_rate
"On 24 October 2025, the Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 16.50% per annum."
Bank of Russia cuts key rate by 100 bp to 17.00% p.a. ⚖️ Neutral
2025-09-12
⚡ Rate
↑0 ↓1 →0
🔮 Guidance
↑1 ↓0
📝 Classified Sentences
🔮 Guidance Hawkishmp_interest_rate
"The Bank of Russia will maintain monetary conditions as tight as necessary to return inflation to the target in 2026."
⚡ Rate Cutmp_interest_rate
"On 12 September 2025, the Bank of Russia Board of Directors decided to cut the by 100 basis points to 17.00% per annum."
← Back to all indicators