Moscow, June 19. The Board of the Central Bank of Russia has decided…
Moscow, June 19. The Board of the Central Bank of Russia has decided to lower the key rate again – from 14.5% to 14.25% per annum. The Central Bank has reduced the key rate to 14.25% per annum.
Consensus
- The Central Bank of Russia reduced the key interest rate from 14.5% to 14.25%
- This is the ninth consecutive rate cut
- The decision was made by the CBR's board of directors
- Inflation remains above the target level but has slightly moderated
Points of divergence
- The CBR's board considered three options: keeping the rate at 14.5%, lowering to 14.25%, or lowering to 14%, with each option having substantial support — interfax
- Sberbank CEO German Gref expects the key rate to reach 12% by year-end — vesti
- Alexander Shokhin from RSPP believes a rate of 8-10% would be favorable for large Russian business — vesti
- The CBR's statement includes a forecast that inflation will fall to 4.5-5.5% in 2026 — m24
- CBR head Elvira Nabiyullina stated that the space for further rate cuts has shrunk but the exact extent will be discussed at the next board meeting — m24
- Anatoly Akasakov from the State Duma's financial markets committee predicts the key rate could reach 13% by end of 2026 — m24
- President Vladimir Putin also suggested that further rate cuts are possible and would affect the currency — m24
Coverage (6 sources)
- Central Bank chief allows pauses before next rate cut decisions — Интерфакс
- Ministry of Economic Development Sees Potential for Further Central Bank Rate Cuts — Интерфакс
- MOEX Index Falls Below 2410 Points on Central Bank's Rate Cut Decision — Интерфакс
- CB lowers key rate to 14.25% — Вести
- Experts give forecast for key rate of the Central Bank of Russia after the June meeting — Вести
- Central Bank lowers key rate to 14.25% annually — Москва 24
Key entities
- CB
- Bank of Russia
- Moscow
- INTERFAX.RU
- Russia
- Central Bank
- Ministry of Economic Development
- Moscow Exchange
- Elvira Nabiullin
- Central Bank
- Vesti
- Central Bank lowered the key rate