Alexander Shokhin, head of the Russian Union of Industrialists and… (ставка · шохин · банк)
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