Latest Statement
🕊️ Dovish
Summary of the Discussion on the Key Rate
2025-12-29
The Central Bank of Russia's discussion highlights a recent decline in inflation rates, with year-on-year inflation dropping to 4.6% in late 2025. Despite some volatility in price growth, the bank anticipates inflation will end the year below its previous forecast of 6.5% to 7.0%. The overall economic outlook remains cautious, with considerations for monetary policy adjustments based on evolving inflationary trends.
- Inflation rates have decreased to 4.6% year-on-year, down from 6.6% earlier in the year.
- Volatility in price growth has been noted, particularly influenced by seasonal changes in commodity prices.
- The bank expects year-end inflation to be below 6%, indicating a more favorable outlook than previously anticipated.
- Economic growth has accelerated in the fourth quarter of 2025, with improved business climate indicators.
📝 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."