Moscow, June 19. The Board of the Central Bank of Russia has decided… (ставка · ключевой · годовой)
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 (7 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
- Russians Told When Mortgage Loans Will Become More Accessible — Вести