The Board of the Central Bank of Russia considered both a cut and…
The Board of the Central Bank of Russia considered both a cut and maintenance of the key interest rate at the June 19 meeting. The Russian Ministry of Economy notes additional potential for reducing the Central Bank's key interest rate level.
Consensus
- The Central Bank of Russia expects a 0.5% growth in GDP for the first half of 2026
- The CBR reduced its key rate for the ninth consecutive time on June 19, 2026
- Economic activity improved from early-year weakness
- The CBR cited ongoing inflation risks related to temporary production cuts in motor fuel
Points of divergence
- The CBR's key rate was reduced by 25 basis points to 14.25% on June 19, 2026 — vedomosti
- Ministry of Economic Development sees potential for further rate cuts — kommersant
Coverage (2 sources)
- Central Bank Expects 0.5% Economic Growth in Russia for First Half of Year — Ведомости
- Ministry of Economic Development Sees Potential for Further Central Bank Rate Cut — Коммерсантъ