Russia's Central Bank cuts key rate to 18% per annum
Russia's Central Bank has cut its key rate for the second consecutive time - by 2 percentage points this time to 18% per annum.

Russia's Central Bank has cut its key rate for the second consecutive time - by 2 percentage points this time to 18% per annum.
The European and Chinese currencies also rose
The Russian Central Bank has published the latest data on the volume of gold and foreign exchange reserves of Russia.
Respondents lowered the forecast for the current year to 19.3%
The Bank of Russia may reduce the key interest rate by 2 percentage points to 18% annually at its meeting on July 25, 2025, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said.
Russia's international reserves increased over the week by $500 million and totaled $ $687.7 billion as of June 27, 2025, the Russian Central Bank said.
The Central Bank of Russia's board of directors will likely consider a key rate cut at the next meeting, if current trends persist and no unforeseen events occur, Russia's Central Bank Governor Elvira Nabiullina said.
The Central Bank has reported an increase in Russia's gold and foreign exchange reserves in June.
The Central Bank of Russia has changed the key rate for the first time this year, reducing it to 20%.
The high key rate of the Bank of Russia is temporary and the current monetary policy will soften next to inflation downward trend, Russian Deputy Prime Minister Alexander Novak said at the Caucasus Investment Forum.
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Russia's international reserves have increased, setting a new historical high. As of April 4, they amounted to $658 billion, the Central Bank reports.
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The Bank of Russia has decided to keep the key rate at 21% per annum for the third meeting in a row. "On March 21, 2025, the Bank of Russia Board of Directors decided to keep the key rate at 21% per annum," the …
The upcoming meeting of the Central Bank will focus on the advisability of raising the key rate, which is currently at a historical maximum in Russia.
The key rate will remain unchanged in Russia. The decision was made by the Central Bank today. Since the end of October, the rate has been kept at 21%.