Russian economy

Central Bank of Russia cuts key rate

Russia's Central Bank published a press release following today's Board of Directors meeting. The decision was made to lower the key rate.

Key rate to be cut in small steps - RSPP head

The need to assess how the value-added tax hike at the start of 2026 and a number of other factors have impacted inflation will probably lead the Central Bank of Russia (CBR) to cautiously approach interest rate cuts and move in "small steps" until April, head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin said.

Russia's competitive industrial products export up 18% in 2025

Exports of Russian competitive industrial products increased by 18% over ten months of the last year and friendly countries account for 80% of supplies, Russia's First Deputy Prime Minister Denis Manturov said at the meeting with President Vladimir Putin.

Bank of Russia reduces key rate to 16%

The Bank of Russia slashed the key rate by 50 basis points to 16% per annum for the fifth time in a row amid the decline in current price growth rates but highlighted increased inflation expectations.

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