Alexander Shokhin, head of the Russian Union of Industrialists and…
Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPB), called on the Central Bank of Russia to lower the key rate by 1 percentage point, from 14.5% to 13.5%.
Consensus
- The Russian Central Bank (CBR) reduced its key rate from 14.5% to 14.25% on June 19, 2026.
- The decision was made by the CBR's board of directors.
- The reduction was due to slowing inflation and a modest increase in GDP growth expectations for the first half of 2026.
- Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPPE), criticized the decision as insufficient.
Points of divergence
- Shokhin was disappointed with the 25 basis point reduction and had previously advocated for a more aggressive rate cut to below 10% by year-end. — vedomosti
- Shokhin had previously called for a 1 percentage point reduction to 13.5% to prevent economic stagnation and support business activity. — kommersant
Coverage (3 sources)
- Shokhin Expresses Disappointment Over Central Bank Rate Cut by 25 Basis Points — Ведомости
- Shokhin Calls on Bank of Russia to Cut Key Rate by 1 p.p. — Коммерсантъ
- Shokhin Urges Central Bank to Cut Key Rate by 1% — Ведомости